Re Examination Of Yardstick Competition
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Re Examination Of Yardstick Competition
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Author : Joel Sobel
language : en
Publisher:
Release Date : 1997
Re Examination Of Yardstick Competition written by Joel Sobel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
A Re Examination Of Yardstick Competition
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Author : Joel Sobel
language : en
Publisher:
Release Date : 1997
A Re Examination Of Yardstick Competition written by Joel Sobel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Capital investments categories.
Yardstick Competition Among Governments
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Author : Pierre Salmon
language : en
Publisher: Oxford University Press
Release Date : 2019-05-10
Yardstick Competition Among Governments written by Pierre Salmon and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-10 with Business & Economics categories.
Measuring government effectiveness is essential to ensuring accountability, as is an informed public that is willing and able to hold elected officials and policy-makers accountable. There are various forms of measurement, including against prior experience or compared to some ideal. In Yardstick Competition among Governments, Pierre Salmon argues that a more effective and insightful approach is to use common measures across a variety of countries, state, or other relevant political and economic districts. This facilitates and enables citizens comparing policy outputs in their own jurisdictions with those of others. An advantage of this approach is that it reduces information asymmetries between citizens and public officials, decreasing the costs of monitoring by the former of the latter -along the lines of principal-agent theory. These comparisons can have an effect on citizens' support to incumbents and, as a consequence, also on governments' decisions. By increasing transparency, comparisons by common yardsticks can decrease the influence of interest groups and increase the focus on broader concerns, whether economic growth or others. Salmon takes up complicating factors such as federalism and other forms of multi-level governance, where responsibility can become difficult to disentangle and accountability a challenge. Salmon also highlights the importance of publics with heterogeneous preferences, including variations in how voters interpret their roles, functions, or tasks. This results in the coexistence within the same electorate of different types of voting behavior, not all of them forward-looking. In turn, when incumbents face such heterogeneity, they can treat the response to their decisions as an aggregate non-strategic relation between comparative performance and expected electoral support. Combining theoretical, methodological, and empirical research, Salmon demonstrates how yardstick competition among governments, a consequence of the possibility that citizens look across borders, is a very significant, systemic dimension of governance both at the local and at the national levels.
Yardstick Competition
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Author : Lynn Christine Johnson
language : en
Publisher:
Release Date : 2014
Yardstick Competition written by Lynn Christine Johnson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
I investigate whether voters judge the performance of their governor on taxes by comparing him to governors from neighboring states. If voters do make these comparisons, it creates "yardstick competition," where governors are competing with each other as they set taxes. Previous research has shown that governors are punished at the ballot box for raising taxes. However, Besley and Case (AER 1995) find that if governors in neighboring states have also raised taxes the voters are more forgiving. Besley and Case speculate that voters know what is happening in other states through the media. My hypothesis is that if yardstick competition exists, then voters exposed to television from a neighboring state should be influenced by tax changes in that state. For example, there are some counties in eastern Arkansas where voters are watching Tennessee television stations and some in southern Arkansas where they are watching Louisiana television stations. By comparing the voting patterns in these counties in the Arkansas gubernatorial election, I can see if there is any influence coming from the taxes set by the neighboring state. I control for the typical partisan leanings of the county as measured by presidential and senatorial votes in nearby years. Therefore I incorporate county voting data for every election from 1960 to 2000, and I use tax data from the NBER TAXSIM program and other sources. I find only very limited evidence in support of yardstick competition. Specifically, voters seem to make yardstick comparisons for the personal income tax when both governors are Democrats. This may be consistent with a theory where voters can only judge whether a tax increase was warranted when they are comparing governors from the same party, and it supports a growing literature in political science suggesting that voters have different expectations of the two parties on fiscal issues.
Yardstick Competition For Multi Product Hospitals
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Author : Per J. Agrell
language : en
Publisher:
Release Date : 2007
Yardstick Competition For Multi Product Hospitals written by Per J. Agrell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Health care provision is undergoing major reforms in Europe as a reaction to rapidly increasing expenditure and lowered political acceptance to commit public finance to cover the deficits. The Dutch government will decide in 2007 if the current budget system will be replaced by a more competitive mechanism, based on the yardstick regulation principle by Shleifer (1985). One of the proposed systems for the reform can be compared to a revenue-cap implementation of a multi-product cost-yardstick mechanism. The redistribution of the sector's relevant cost is made in proportion to the individual hospitals share of total weighted output. No regulation is made of the multi-lateral contractual relations between users, insurers and hospitals. The scaling weights are updated periodically for new services and as a function of observed excess demand (waiting lists). The mechanism is shown to provide cost-reducing (effort-inducing) incentives for profit-maximizing rational agents in a single-period bargaining game. The game also shows that the regulation acts as a countervailing power for the insurers to reinforce bargaining power. The local distortion of the output profile induced by the regulation is a function of demand elasticity and cost function convexity. In case the revenue target is not binding, no welfare loss is incurred. The regime also provides incentives for cost-reducing investments in the short and the long run. These incentives manifest themselves in local reallocations of output to more efficient producers. The analysis shows that care should be taken in the updating of the weights as to provide incentives for service innovation, as well as to guarantee convergence of the price system. Although this requires econometric analyses, the alternative with a cost-based yardstick is considered superior to a revenue-based ditto for this application.
Competitive Solutions
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Author : R. Preston McAfee
language : en
Publisher: Princeton University Press
Release Date : 2009-04-11
Competitive Solutions written by R. Preston McAfee and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-04-11 with Business & Economics categories.
Competitive Solutions is an entertaining and wideranging introduction to successful business methods applied to a variety of real-world situations. Rejecting the one-size-fits-all premise that underlies so many guides to business strategy, Preston McAfee develops the intellectual tools and insights needed to confront many marketplace problems. Drawing on his broad experience as a consultant for major U.S. companies, as well as extensive research, McAfee emphasizes cooperation, pricing, litigation, and antitrust as vital to a firm's competitive posture--and focuses more attention on these elements than do most business strategy accounts. McAfee begins by considering strategy as successfully applied by America OnLine, an example that introduces many of the tools discussed in greater depth throughout the book. From here he moves to industry analysis: By examining the context for developing a strategy, he points out uses of positioning and differentiation that enable a firm to weaken price competition and deter rivals from stealing customers. McAfee's exploration of a product's life cycle proves an invaluable guide to positioning new technology in order to maximize the potential for future customers. In the centerpiece of the book, McAfee lays out a how-to manual for cooperation, providing tactics crucial for setting standards, lobbying the government, and fostering industry growth. Writing in a conversational manner, McAfee also addresses such deep topics as organizational design and employee compensation and incentives. More detailed discussions examine antitrust enforcement, which is an increasingly important constraint on strategy, as well as strategies for pricing, bidding, signaling, and bargaining. This book is a fascinating examination of modern business strategy and its application in many different settings. Students of business and economics--as well as executives and managers--will recognize Competitive Solutions as an indispensable resource as well as a definitive vision of the strategic firm: one in which each element of company strategy reinforces the other elements.
Organizing And Reorganizing Markets
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Author : Nils Brunsson
language : en
Publisher: Oxford University Press
Release Date : 2018-02-23
Organizing And Reorganizing Markets written by Nils Brunsson and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-23 with Business & Economics categories.
Organizing and Reorganizing Markets brings organization theory to the study of markets. The difference between markets and organizations is often exaggerated. Organizing exists in addition to other processes and phenomena that form markets: the mutual adaption among sellers and buyers as described in mainstream economics, and the institutions described in institutional economics and economic sociology. Market organization can be analysed with the same type of theories used for analysing organization within formal organizations. Through the use of many empirical examples, the book demonstrates how this can be done. The authors argue that the way a certain market is organized can be understood as the (intermediate) result of previous organizing processes. Questions discussed include: 'What drives market organizing and reorganizing processes? What makes various organizations intervene as market organizers? And, how are the specific contents of market organization determined?' The answers to these questions help to analyse similarities and differences among organizing processes in formal organizations and those in markets. Arguments are illustrated by in-depth studies of many types of markets. The book will open up markets as a field of study for scholars of organization.
Collusion Under Yardstick Competition An Experimental Study
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Author : Johannes (Jan) J. M. Potters
language : en
Publisher:
Release Date : 2004
Collusion Under Yardstick Competition An Experimental Study written by Johannes (Jan) J. M. Potters and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
The effectiveness of relative performance evaluation schemes, such as yardstick competition, can be undermined by collusion. The degree to which the regulated agents manage to collude will be affected by the particulars of the scheme. We hypothesize that in a repeated game setting schemes will be more prone to collusion the smaller are the rents to the agents in case they behave non-cooperatively. We illustrate the relevance of this hypothesis by means of an economic experiment in which we compare the efficiency of two performance evaluation schemes.
Political Yardstick Competition And Corporate Governance In The European Union
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Author : Pierre Salmon
language : en
Publisher:
Release Date : 2006
Political Yardstick Competition And Corporate Governance In The European Union written by Pierre Salmon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
The question whether regulatory competition in the area of company law could take place in the European Union (EU) in a way similar to the form it takes in the United States (the Delaware phenomenon) is topical because of some recent judgments of the European Court of Justice and various documents and projects produced by the European Commission. That question is typically discussed, however, as if voters did not count and as if competition among governments was exclusively based on the mobility of firms across jurisdictions. But intergovernmental competition can also take the form of yardstick, or relative performance, competition. Voters and democratic politics then become essential.Voters assess the performance of incumbents by comparing what obtains in their own and in other jurisdictions. The first part of the paper is devoted to spelling out some characteristics of the mechanism. It notes in particular that, depending on circumstances, yardstick competition may provide office-holders with the wrong incentives. This result is important in the EU context. The second part stresses some aspects of the path followed by European integration. One property is that Europe is under construction, entailing a tendency for integration to be monotonous. The process of integration can slow down or stall but seldom if ever regress. Another feature is the enduring reliance on the internal market commitments and their legal implications. Structural characteristics of the integration process such as these have consequences on yardstick competition as well as on the kind of policies to be expected from the EU. The third and fourth parts of the paper are devoted to corporate governance and law making in the EU context and in the light of the foregoing analysis of yardstick competition. Two points are stressed. The nature of yardstick competition among the governments of the member countries may explain that differences in company law and corporate governance can subsist without preventing a strong convergence of economic outcomes. Yardstick competition between the EU as a whole and other parts of the world, however, is likely to start a dynamic process that could lead to the centralization of a large part of company lawmaking at the EU level and the emergence of a distinctive legal environment for firms doing business in Europe.
Competition Policy In Network Industries
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Author : Frank Fichert
language : en
Publisher: LIT Verlag Münster
Release Date : 2007
Competition Policy In Network Industries written by Frank Fichert and has been published by LIT Verlag Münster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Antitrust law categories.
The promotion of competition in Europe's network industries has been in the foreground of economic policy in recent years. Network industries have undergone dramatic changes, involving privatisation, liberalisation and de- as well as re-regulation. But there are still many unresolved problems in both economic policy as well as economic research. Hence, a vivid exchange between academics and policy makers has emerged to find the optimal framework for these industries. This volume contributes to this discussion, containing several papers on various network industries.