Contemporary Economic Issues

1. Front Matter

   Pages i-xxiv

   PDF

2. Regulatory Design and Corruption

   1. Front Matter

      Pages 1-1

      PDF

   2. Liberalization and Regulation of Network Utilities

      • David M. Newbery

      Pages 3-29

   3. Bayesian Regulatory Mechanisms: Corruption and Learning

      • Semih Koray, İsmail Sağlam

      Pages 30-48

   4. Cartels Run by Criminal Organizations and Market Contestability

      • Gianluca Fiorentini

      Pages 49-65

3. Designs for Collective Decision-Making

   1. Front Matter

      Pages 67-67

      PDF

   2. Designing Mechanisms, in Particular for Electoral Systems: The Majoritarian Compromise

      • Leonid Hurwicz, Murat R. Sertel

      Pages 69-88

   3. Inter-Generational Equity and the Rate of Discount in Long-Term Social Investment

      • Kenneth J. Arrow

      Pages 89-102

   4. Induced Technical Change, Scientific Advance and the Efficient Control of Pollution

      • Francesco Ferrante

      Pages 103-122

4. Decentralization of Information

   1. Front Matter

      Pages 123-123

      PDF

   2. Decentralized Information Processing in the Theory of Organizations

      • Timothy Van Zandt

      Pages 125-160

   3. A Model of Economic Equilibrium in the Market for Information Goods

      • Vladimir I. Danilov, Gleb A. Koshevoy, Alexandre I. Sotskov

      Pages 161-182

5. Order and Chaos in Economic Dynamics: Theory Reviewed

   1. Front Matter

      Pages 183-183

      PDF

   2. The Microeconomics of Invention and Innovation

      • David B. Audretsch

      Pages 185-206

   3. The Prehistory of Chaotic Economic Dynamics

      • J. Barkley Rosser Jr

      Pages 207-224

   4. Theories of ‘Endogenous’ Growth in Historical Perspective

      • Heinz D. Kurz, Neri Salvadori

      Pages 225-261

A guide to the experiences of economic reform since the second World War, and system reform and economic integration across the world in the past decade. The first part of the book examines why only a small number of developing countries have succeeded in their modernization attempts this century. What lessons can be learnt from the successes of the East Asian NIEs and failures of other economies to emulate them? The very different experiences of the transition to market economies in the former socialist countries of Eastern Europe and China is the focus of the next section, with comparisons drawn with the Latin American reform experience, especially in Chile. The effects of economic integration schemes are examined in the final sector, with case-studies of Tunisia and Morocco's Free Trade Agreements with the EU, and of economic integration and the Arab-Israeli peace process.

• Developing Countries
• East Asia
• economic integration
• Polis
• transition

• Center for Economic Design, Boğaziçi University, India, Turkey

  Murat R. Sertel

KENNETH J. ARROW Professor, Stanford University, USA DAVID B. AUDRETSCH Professor, Wissenschaftszentrum Berlin fur Sozialforschung, Germany and CEPR VLADIMIR I. DANILOV Professor, Russian Academy of Sciences, Central Institute of Economics and Mathematics, Moscow, Russia DR FRANCISCO FERRANTE Università di Cassino, Italy DR GIANLUCA FIORENTINI Università di Cassino, Italy LEONID HURWICZ Professor, University of Minnesota, USA SEMIH KORAY Professor, Blikent University, Ankara, Turkey and Center for Economic Design, Bogazici University, Istanbul, Turkey GLEB A. KOSHEVOY Professor, Russian Academy of Science, Central Institute of Economics and Mathematics, Moscow, Russia HEINZ KURZ Professor, University of Graz, Austria DAVID M. NEWBERY Professor, Cambridge University, UK J. BARKLEY ROSSER JR. Professor, James Madison University, Harrisonburg, USA DR ISMAIL SAGLAM Bilkent University, Ankara, Turkey NERI SALVADORI Professor, University of Pisa, Italy ALEXANDR I SOTSKOV Professor, Russian Academy of Science, Central Institute of Economics and Mathematics, Moscow, Russia TIMOTHY VAN ZANDT Professor, Princeton University , USA

Policies and ethics