ENGLISH

Competition among Institutions

By Lüder Gerken (eds.)

Book information

Publisher
Palgrave Macmillan UK
Year
1995
ISBN
978-1-349-24264-1, 978-1-349-24262-7, 978-0-312-12581-3, 978-0-333-64204-7
DOI
10.1007/978-1-349-24262-7
Language
english
Format
PDF
Filesize
33 MB (34531607 bytes)
Edition
1
Pages
XIV, 332\337
Time added
2016-03-14 21:35:01
Economic Theory/Quantitative Economics/Mathematica

Description

Economists generally accept that competition discloses knowledge, enhances efficiency and restrains power. However, these effects of competition have so far been discussed mainly with respect to economic markets in which firms and households compete within a given set of institutions, that is within a given legal order. The question arises whether competition may also have comparable effects on the institutional level in the sense of competition among legal orders and thus serve as an antidote to today's problems. The present book addresses some of the fundamental aspects associated with institutional competition and identifies some possible lines for further research on how institutions can compete to bring about social and economic change.

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