Contemporary economic issues : proceedings of the eleventh world congress of the International economic Association, Tunis / Vol. 4, Economic behaviour and design / ed. by Murat R. Sertel

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. Front Matter....Pages i-xxiv Front Matter....Pages 1-1 Liberalization and Regulation of Network Utilities....Pages 3-29 Bayesian Regulatory Mechanisms: Corruption and Learning....Pages 30-48 Cartels Run by Criminal Organizations and Market Contestability....Pages 49-65 Front Matter....Pages 67-67 Designing Mechanisms, in Particular for Electoral Systems: The Majoritarian Compromise....Pages 69-88 Inter-Generational Equity and the Rate of Discount in Long-Term Social Investment....Pages 89-102 Induced Technical Change, Scientific Advance and the Efficient Control of Pollution....Pages 103-122 Front Matter....Pages 123-123 Decentralized Information Processing in the Theory of Organizations....Pages 125-160 A Model of Economic Equilibrium in the Market for Information Goods....Pages 161-182 Front Matter....Pages 183-183 The Microeconomics of Invention and Innovation....Pages 185-206 The Prehistory of Chaotic Economic Dynamics....Pages 207-224 Theories of ‘Endogenous’ Growth in Historical Perspective....Pages 225-261 This is a guide to the experiences of economic reform since the Second World War and of 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 learned 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 to the Latin American reform experience, especially in Chile. The effects of economic integration schemes are examined in the final section, with case-studies of Tunisia and Morocco's Free Trade Agreements with the EU, and economic integration and the Arab-Israeli peace process. An overview of many currently topical issues around food and agriculture, with particular emphasis on their implications for development. These include Nobel Laureate Robert Fogel's discussion of nutritional standards and the implications of new theories of evolution in assessing the extent of malnutrition. Historical analysis informs contemporary surveys, including Yair Mundlak's comparison of the postwar record of 130 countries in agricultural technology and outputs. The important implications of labour markets, income distributions and the impact of welfare states on these issues are considered by a number of papers. The contributors include many leading academics from North America, Europe, Africa, Australia and Israel. At first sight, this volume, which contains chapters covering topics ranging from economic methodology through central bank independence to pension systems, might be viewed as a potpourri of largely unrelated issues. Yet these chapters, written by leading researchers in their respective fields, dispel this notion, illustrating the ongoing merger process between hitherto quite separate economic sub-disciplines. V. 1. Regional Experience And System Reform / Edited By Justin Yifu Lin -- V. 2. Labour, Food And Poverty / Edited By Yair Mundlak -- V. 3. Trade, Payments And Debt / Edited By Daniel Cohen -- V. 4. Economic Behaviour And Design / Edited By Murat R. Sertel -- V. 5. Macroeconomics And Finance / Edited By Holger Wolf. Congress Editor,michael Bruno. Includes Bibliographical References And Index. Societies at all levels of development search continuously for policies that will facilitate growth and at the same time will allow all members of society to benefit from the fruits of growth. In this book, contributors explore the leading role taken on by the state through legislation, taxation and expenditure programs. v. 1. Regional experiences and system reform / edited by Justin Yifu Lin v. 2. Labour, food and poverty / edited by Yair Mundlak v. 3. Trade, payments and debt / edited by Daniel Cohen v. 4. Economic behaviour and design / edited by Murat Setel v. 5. Macroeconomics and finance / edited by Holger Wolf. v. 1. Regional experience and system reform v. 2. Labour, food and poverty / edited by Yair Mundlak v. 3. Trade, payments and debt / edited by Daniel Cohen v. 4. Economic behaviour and design / edited by Murat R. Sertel v. 5. Macroeconomics and finance / edited by Holger C. Wolf.