Market Drive and Governance: Re-examining the Rules for Economic and Commercial Contest (Routledge Frontiers of Political Economy, 40)

Corporate moves towards focused production and outsourcing, governmental reforms involving privatization and deregulation and the globalization of trade and investments promise large efficiency gains. However, the necessary coordination mechanisms call for regulatory approval and policy guidelines to safeguard these undertakings against abuse, which in turn are held up against the test of administrative efficiency and global regulatory competition. The question is: what standard will ultimately inspire policy, satisfy administration and be acceptable to parties inside and outside of a given commercial and economic arrangement? Ralf Boscheck looks to the various approaches of institutional and constitutional economics to complement traditional market models in shaping policies to govern increasingly complex market conditions. This book clarifies, integrates and applies diverse perspectives to salient issues of governance and presents them in an accessible manner. It will be an invaluable contribution to this field Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of figures......Page 10 Acknowledgements......Page 11 Introduction and overview......Page 12 Institutional perspectives on economic coordination......Page 17 The governance of market relations the case of judging vertical control......Page 37 The nature of regulatory contracts the case of the water industry in England and Wales......Page 76 The governance of global market relations the case of substituting antitrust for antidumping......Page 113 The constitution of economic coordination......Page 131 Notes......Page 145 Bibliography......Page 179 Index......Page 204 A strong 'market drive' is currently changing the boundaries of firms and industries, the structure of regulatory relations, and the exposure of national economies. Ralf Boscheck. Includes Bibliographical References (p. [168]-191) And Index.