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The Government of Risk: Understanding Risk Regulation Regimes

Christopher Hood, Henry Rothstein, and Robert Baldwin

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199243631
eISBN:
9780191599507
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199243638.001.0001
Subject:
Political Science, Comparative Politics

Why does the regulation of risks to human health and safety vary so dramatically from one policy domain to another? Why are some risks regulated aggressively and others responded to only modestly? Is ... More


A Formal Approach: Capital Market Failures

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental

Underlying the failure of CML was an overly simple model that assumed efficient and complete markets. There are, however, problems with externalities and weak or absent insurance markets, especially ... More


Exploring the ‘Market Failure’ Hypothesis

Christopher Hood, Henry Rothstein, and Robert Baldwin

in The Government of Risk: Understanding Risk Regulation Regimes

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199243631
eISBN:
9780191599507
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199243638.003.0005
Subject:
Political Science, Comparative Politics

Explores how far variety amongst risk regulation regimes can be explained by ‘market failure’ explanations of risk regulation. A ‘market failure’ approach assumes that state activity will consist of ... More


Capitalism Justified?

Philippe Van Parijs

in Real Freedom for All: What (if Anything) Can Justify Capitalism?

Published in print:
1997
Published Online:
November 2003
ISBN:
9780198293576
eISBN:
9780191600074
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293577.003.0007
Subject:
Political Science, Political Theory

Is there any reason to expect some form of socialism to do better than any form of capitalism in terms of securing a high sustainable level of basic income? None of the familiar arguments against ... More


Infrastructural Resources

Brett M. Frischmann

in Infrastructure: The Social Value of Shared Resources

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199895656
eISBN:
9780199933280
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199895656.003.0005
Subject:
Law, Environmental and Energy Law

This chapter examines societal demand for infrastructure resources. It aims to identify and evaluate infrastructural resources functionally from a systems perspective and to understand better how ... More


Market and State

Yujiro Hayami and Yoshihisa Godo

in Development Economics: From the Poverty to the Wealth of Nations

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199272709
eISBN:
9780191602870
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199272700.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

The question of what kind of institutional set-up would be appropriate for promoting economic development is approached in terms of combination between market and state. The traditional debates on ... More


Fat Economics: Nutrition, Health, and Economic Policy

Mario Mazzocchi, W. Bruce Traill, and Jason F. Shogren

Published in print:
2009
Published Online:
October 2011
ISBN:
9780199213856
eISBN:
9780191695902
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199213856.001.0001
Subject:
Economics and Finance, Public and Welfare

The obesity epidemic and the growing debate about what, if any, public health policy should be adopted is the subject of endless debates within the media and in governments around the world. Whilst ... More


Social Risks and Welfare States

Gøsta Esping‐Andersen

in Social Foundations of Postindustrial Economies

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198742005
eISBN:
9780191599163
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198742002.003.0003
Subject:
Political Science, Comparative Politics

This chapter and the previous one revisit the political economy within which post‐war welfare regimes emerged, matured, and, now appear crisis‐ridden. Here, an analysis is made of social risks and ... More


Technological Systems and Comparative Systems of Innovation: From Historical Performance to Future Policy Guidelines

Nick Von Tunzelmann

in The Economic Future in Historical Perspective

Published in print:
2006
Published Online:
January 2012
ISBN:
9780197263471
eISBN:
9780191734786
Item type:
chapter
Publisher:
British Academy
DOI:
10.5871/bacad/9780197263471.003.0006
Subject:
Economics and Finance, Economic History

This chapter looks at the comparative systems approach to understanding the way in which different institutional regimes affect the governance of technological development. It focuses on four ... More


How Far Does Context Shape Content in Risk Regulation Regimes?

Christopher Hood, Henry Rothstein, and Robert Baldwin

in The Government of Risk: Understanding Risk Regulation Regimes

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199243631
eISBN:
9780191599507
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199243638.003.0004
Subject:
Political Science, Comparative Politics

Reviews received explanations of why governments regulate risk in the way they do and identifies a triangle of contextual forces that may sometimes pull together in shaping risk regulation regimes ... More


Is There Scope for Policy?

Giorgia Brunello, Pietro Garibaldi, and Etienne Wasmer

in Education and Training in Europe

Published in print:
2007
Published Online:
September 2007
ISBN:
9780199210978
eISBN:
9780191705786
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199210978.003.0014
Subject:
Economics and Finance, Public and Welfare

This chapter discusses how design of training policies is strongly related to the type of market failures conducive to under-provision. The empirical evidence on the relevance of efficiency and ... More


Capital Market Liberalization and Development

José Antonio Ocampo, Shari Spiegel, and Joseph E. Stiglitz

in Capital Market Liberalization and Development

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199230587
eISBN:
9780191710896
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199230587.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This introductory chapter presents the arguments of the book and provides a framework for the issues related to capital market liberalization (CML). The first section addresses an important set of ... More


Toward a Rational Basis for Regulation

W. Kip Viscusi

in Rational Risk Policy: The 1996 Arne Ryde Memorial Lectures

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293637
eISBN:
9780191596995
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293631.003.0008
Subject:
Economics and Finance, Microeconomics

Various forms of irrationality often provide the rationale for intervention to address market failures. However, in a democratic society, these forms of irrationality often provide the impetus for ... More


The anatomy of government failure

Timothy Besley

in Principled Agents?: The Political Economy of Good Government

Published in print:
2007
Published Online:
October 2011
ISBN:
9780199283910
eISBN:
9780191700279
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199283910.003.0002
Subject:
Economics and Finance, Public and Welfare

This chapter focuses on government failure. Most economists now agree that the idea of government failure needs to be placed alongside the idea of market failure in discussions of government ... More


Community and Economics <sup>1</sup>

Michael Storper

in Community, Economic Creativity, and Organization

Published in print:
2008
Published Online:
January 2009
ISBN:
9780199545490
eISBN:
9780191720093
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199545490.003.0003
Subject:
Business and Management, Organization Studies, Knowledge Management

Community has a problematic relationship to economics. In general, contemporary political economics holds that groups have strongly negative effects on economic efficiency and growth, because groups ... More


Introduction

W. Kip Viscusi

in Rational Risk Policy: The 1996 Arne Ryde Memorial Lectures

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293637
eISBN:
9780191596995
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293631.003.0001
Subject:
Economics and Finance, Microeconomics

This chapter introduces the linkage between economic behaviour and risk regulation policies. Analysis of individual behaviour often reveals the nature of private market failures and provides guidance ... More


Governance and Growth Challenges for Africa

Mushtaq H. Khan

in Good Growth and Governance in Africa: Rethinking Development Strategies

Published in print:
2011
Published Online:
May 2012
ISBN:
9780199698561
eISBN:
9780191738142
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199698561.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

Liberal economists have argued that since the state has done much damage in Africa, the best strategy is to focus on a limited number of market-supporting governance capabilities consistent with good ... More


The Market and Information

Nicholas Barr

in The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199246595
eISBN:
9780191595936
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199246599.003.0002
Subject:
Economics and Finance, Public and Welfare

This chapter sets out the economic theory of the role of the state that underpins the rest of the book. It starts with a simple model – the Fisher model – of rational consumer choice over the life ... More


Introduction

Bar-Gill Oren

in Seduction by Contract: Law, Economics, and Psychology in Consumer Markets

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199663361
eISBN:
9780191751660
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199663361.003.0001
Subject:
Law, Company and Commercial Law

This introductory chapter first sets out the book's main focus, namely consumer contracts. It traces design features common among multiple types of consumer contracts and explores and explains the ... More


Market contractarianism

Jules L. Coleman

in Markets, Morals, and the Law

Published in print:
2002
Published Online:
January 2010
ISBN:
9780199253609
eISBN:
9780191719783
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199253609.003.0010
Subject:
Law, Competition Law

This chapter discusses two theories about legitimate political authority. The first is that political institutions are justified because they emerge as the outcome of a rational bargain among ... More


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