The New Systems Competition
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The New Systems Competition
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Author : Hans-Werner Sinn
language : en
Publisher:
Release Date : 2002
The New Systems Competition written by Hans-Werner Sinn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Capital movements categories.
While the old systems competition took place with closed borders, globalisation has brought about a new type of systems competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of the European welfare state, induce a race to the bottom in the sense that capital will not even pay for the infrastructure it uses and erode national regulatory systems. In general, it will suffer from the same type of market failure which induced the respective government activity in the first place. The new systems competition will force inefficient governments to seek national efficiency, but national efficiency does not imply that systems competition will itself be efficient
The New Systems Competition
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Author : Hans-Werner Sinn
language : en
Publisher: Wiley-Blackwell
Release Date : 2003-03-07
The New Systems Competition written by Hans-Werner Sinn and has been published by Wiley-Blackwell this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-03-07 with Business & Economics categories.
Competition between companies tends to be beneficial for the general public, but is this also true for competition between States in a world with global financial markets, low transport costs, and increasing migration? In this book, Sinn provides a solid economic analysis of the competitive forces at work and addresses how we should organize competition between systems so they will enhance the efficiency of these systems, as opposed to acting destructively on them. Provides a thorough economic analysis of the competitive forces at work between nations and governments. Analyzes a wide range of state activities, including taxation, public goods provision, income redistribution, environmental policy, safety standards, and competition policy. Addresses ways to organize competition so it will enhance the efficiency of these systems.
The New Systems Competition
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Author : Hans-Werner Sinn
language : en
Publisher: John Wiley & Sons
Release Date : 2008-04-15
The New Systems Competition written by Hans-Werner Sinn and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Business & Economics categories.
Competition between companies tends to be beneficial for thegeneral public, but is this also true for competition betweenStates in a world with global financial markets, low transportcosts, and increasing migration? In this book, Sinn provides asolid economic analysis of the competitive forces at work andaddresses how we should organize competition between systems sothey will enhance the efficiency of these systems, as opposed toacting destructively on them. Provides a thorough economic analysis of the competitive forcesat work between nations and governments. Analyzes a wide range of state activities, including taxation,public goods provision, income redistribution, environmentalpolicy, safety standards, and competition policy. Addresses ways to organize competition so it will enhance theefficiency of these systems.
Symposium New Perspectives On Systems Competition
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Author : Diana Moss
language : en
Publisher:
Release Date : 2011
Symposium New Perspectives On Systems Competition written by Diana Moss and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Germany S Social Market Economy And The New Systems Competition
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Author : Karl Farmer
language : en
Publisher:
Release Date : 2009
Germany S Social Market Economy And The New Systems Competition written by Karl Farmer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
World championship in exporting manufactures notwithstanding, weak gross domestic product (GDP) growth and the largest number of unemployed since the 1930s have tarnished the splendor of Germany's once celebrated social market economy (SME). In search of the reasons for their country's present mediocrity, contemporary (ordo-) liberal German economists point to construction defects in the economic constitution that escaped the attention of the founders of the SME. This article reviews the legacy of the father of the SME as well as the liberal critique of the evolution of the SME in postwar Germany under the old systems competition (OSC) between capitalist West and communist East. The liberal white hope, that is the new systems competition (NSC), ensued by European integration and globalization, is presented as a mechanism for overcoming national policy blockades in reforming (labor) market institutions in accordance with the common socioeconomic preferences of all citizens.
Competition Law For The Digital Era
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Author : Ioannis Lianos
language : en
Publisher:
Release Date : 2019
Competition Law For The Digital Era written by Ioannis Lianos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
As the global economy incurs a process of transformation by the ongoing 'fourth industrial revolution', competition law is traversing a 'liminal' moment, a period of transition during which the normal limits to thought, self-understanding and behaviour are relaxed, opening the way to novelty and imagination, construction and destruction. There is need for the discussion over the role of competition law in the digital era to be integrated to the broader debate over the new processes of value generation and capture in the era of digital capitalism and the complex economy to which it has given rise to. This complex digital economy is formed by a spider web of economic links, but also their underpinning societal relations, between different agents. However, competition law still lives in the simple world of neo-classical price theory (NPT) economics, which may not provide adequate tools in order to fully comprehend the various dimensions of the competition game. The emphasis put recently by competition authorities on multi-sided markets in order to analyse restrictions of competition in the data economy illustrates the agents' changing roles and the complexity of their interactions, as the same agents can be at the same time consumers and producers while their personal data raw material for the value generation process.It becomes therefore essential to uncover the new value capture and value generation processes in operation in the digital economy, and draw lessons for the optimal design and enforcement of competition law, rather than take the established competition law framework as a given and try to stretch within it a quite complex reality that may not fit this Procrustean iron bed. These approaches should engage with the complex economics of digital capitalism, and in particular the role of futurity and financialisation, personalisation and cybernetics.These new developments, first, call for a re-conceptualisation of the goals of competition law in the digital era, as competition law moves from the calm and predictable waters of 'consumer welfare', narrowly defined, to integrate considerations of income/wealth distribution, privacy and complex equality.Second, it also requires a revision of the current understanding of the nature of the competitive game, which only focuses on horizontal rivalry in product and eventually technology markets. This is of course an important dimension of competition, but hardly the most significant one in the current process of value generation and capture in the digital economy. Firms do not only compete on the product market dimension, but in the today's financialised economy, probably the most important locus of competition is capital markets. The process of financialisation has important implications for the development of digital capitalism, an issue that the paper explores in detail for the first time in competition law and economics scholarship. Financial markets evaluate companies in view of expected returns in the not so near future, often linked to the emergence of bottlenecks or the perception that a firm holds important assets and resources (e.g. data, algorithms, specialised labour). The role of financial markets' evaluation in driving business strategies in the era of digital and financialised capitalism is linked to the 'subtle shift of mindset' in digital capitalism 'from profit (and isolating mechanisms) to wealth creation (and the potential for asset appreciation)' as value is created by investing in assets that will appreciate.Third, this calls for a consideration, not only of horizontal competition, but also of vertical competition, the competition for a higher percentage of the surplus value brought by innovation, and competition from complementary technologies that may challenge the lead position in the value chain of the incumbents (vertical innovation competition). Fairness considerations, among other reasons, may also lead competition authorities to not only focus on inter-platform/ecosystem competition but to also promote intra-platform/ecosystem competition, as this may be a significant element of the competitive game.To implement this broader focus of competition law, we need to develop adequate conceptual tools and methodologies. A recurrent problem is the narrow definition of market power in competition law, whose presence often triggers the competition law assessment, and which is also intrinsically linked to the step of market definition. This currently ignores possible restrictions of vertical competition, personalisation and the predictive role of digital platforms, which may become source of harm for consumers, the competitive process, or the public at large. It is important to engage with concepts of vertical power and the paper develops a typology of vertical power, combining in an overall conceptual framework the various concepts of non-structural power that have been used so far in competition law literature and some new ones (positional and architectural power). This conceptualisation offers an overall theoretical framework for vertical power that is necessary for sound competition law enforcement, and which has been lacking so far. The paper also explores specific metrics for vertical power, although this is still work in progress. Another important tool that competition authorities may employ in order to map the complex competitive interactions (horizontal and vertical) in the digital economy is the value chain approach. Although competition authorities have already used this tool in sector/industry inquiries, they have not in competition law adjudication. A value chain approach enables competition authorities to better assess the bargaining asymmetries across the various segments of the value chain that may result either from the lack of competition on the markets affected or from the central position of some actors in the specific network and their positioning in the value chain. This tool may complete the market definition tool.The effectiveness of competition law in the digital age may be curtailed by the cross-side network effects linked to positive feedback loops, increasing returns to scope and scale, the intense learning effects linked to AI, and the propensity of digital markets to tip. Hence, competition law on its own may not be sufficient to address the market failures in the digital economy. One therefore needs to take a toolkit approach that would combine different fields of law and regulation, competition law playing a primordial role in this new regulatory compass. This toolkit approach may rely on different combinations in each jurisdiction, on the basis of the institutional capabilities and the relative efficiency of the various regulatory alternatives, any choice being between imperfect, if perceived in isolation, institutional alternatives.
Top Class Competitors
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Author : Stephane Garelli
language : en
Publisher: John Wiley & Sons
Release Date : 2006-03-30
Top Class Competitors written by Stephane Garelli and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-30 with Business & Economics categories.
Three decades ago competitiveness was unheard-of; today it has taken the world by storm. But what is it? And will it last? In Top Class Competitors Stéphane Garelli - professor at IMD business school where he is also head of the World Competitiveness Centre, professor at the University of Lausanne, and former managing director of the World Economic Forum - defines competitiveness as the ability of a nation, company or individual to manage a set of disparate competencies to achieve prosperity. For instance, along with traditional policies a nation must tackle education and security to sustain economic development. Companies must manage soft issues such as brands to beat the competition. And individuals must reinvent themselves to survive. These fields of research did not exist until recently - now, competitiveness makes the link. Top Class Competitors is a journey through the brave new world of competitiveness. What are its historical origins? How does it impact the management of a nation? How do companies thrive on it in an international environment? What is the impact on work structures and value systems? Above all, is there a competitiveness mindset? Exploring how competitiveness works, Stéphane Garelli shows why competitiveness is the most powerful tool available to unleash new levels of prosperity for nations, profit for companies and success for people.
The Vertical Organization Of Industry
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Author : Joseph V. Farrell
language : en
Publisher:
Release Date : 1994
The Vertical Organization Of Industry written by Joseph V. Farrell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Competition categories.
The Subsidiarity Principle And Market Failure In Systems Competition
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Author : Hans Werner Sinn
language : en
Publisher:
Release Date : 1996
The Subsidiarity Principle And Market Failure In Systems Competition written by Hans Werner Sinn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
New Competition Jurisdictions
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Author : Richard Whish
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-01-01
New Competition Jurisdictions written by Richard Whish and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Law categories.
'The most thoughtful collection available of insights into the challenges facing new competition jurisdictions. Whish and Townley have brought together experts on approaches global, comparative and local, combined with fresh inter-disciplinary insights. By combining law, economics and political economy, what emerges are pointed commentaries, and a rich source of principles and pragmatism. This book will guide the creators and enforcers of new competition law regimes.' – Philip Marsden, Director, British Institute of International and Comparative Law, and OFT Board Member 'This is a wonderful volume filled with good ideas. It evolves from the Sixth Conference of ASCOLA, the world association of competition law professors, which asked a group of young scholars how new competition law systems can be made more effective, and challenged the conference participants to interrogate the ideas. the resulting book is an admirable collection of insightful papers and commentary. For all who are interested in advancing younger competition law systems and their supporting academic communities, this volume must be read.' – Eleanor Fox, New York University School of Law, US This book focuses on the problems faced by newly-established competition authorities, and on shaping policies and building institutions in those jurisdictions. In particular four key issues encountered by new competition jurisdictions are considered, namely: the challenges and obstacles to adopting competition laws; institutional challenges and choices, with a specific focus on deterrence; the global perspective, with a specific focus on mergers; and a discussion of how to help young academics in new jurisdictions. Theoretical analysis is informed by practice throughout, and in particular by those considered to be at the cutting edge, either working in new competition authorities or from specialists advising them on a daily basis (such as those in the OECD and UNCTAD). New Competition Jurisdictions will be of great interest to lawyers, economists, academics, judges and public officials working in the fields of competition law and policy.