The Making of Economic Policy: A Transaction-Cost Politics Perspective (Munich Lectures in Economics)

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9780262540988: The Making of Economic Policy: A Transaction-Cost Politics Perspective (Munich Lectures in Economics)
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"This work is a tour de force of the kind we have come to expect fromAvinash Dixit. Using the basic ideas of transactions cost theory, hesimultaneously analyzes much of current literature and provides hisown insights in to the theory of economic policy formulation. The workis sure to be a standard reference in the burgeoning field ofpolitical economy." Anne O. Krueger, Professor of Economics, Stanford University.

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The Making of Economic Policy begins by observing that most countries' trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy. Avinash Dixit looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. Such costs of planning, implementing, and monitoring an exchange have proved critical to explaining many phenomena in industrial organization. Dixit discusses the variety of similar transaction costs encountered in the political process of making economic policy and how these costs affect the operation of different institutions and policies. Dixit organizes a burgeoning body of research in political economy in this framework. He uses U.S. fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework, and show how policy often deviates from the economist's ideal of efficiency. The approach reveals, however, that some seemingly inefficient practices are quite creditable attempts to cope with transaction costs such as opportunism and asymmetric information. Copublished with the Center for Economic Studies and the Ifo Institute

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9780262041553: The Making of Economic Policy: A Transaction Cost Politics Perspective (Munich Lectures in Economics)

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ISBN 10:  0262041553 ISBN 13:  9780262041553
Editorial: MIT Press, 1996
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Dixit, Avinash K
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Descripción MIT Press Ltd, United States, 1998. Paperback. Condición: New. Revised ed.. Language: English . Brand New Book. The Making of Economic Policy begins by observing that most countries trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy. Avinash Dixit looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. Such costs of planning, implementing, and monitoring an exchange have proved critical to explaining many phenomena in industrial organization. Dixit discusses the variety of similar transaction costs encountered in the political process of making economic policy and how these costs affect the operation of different institutions and policies. Dixit organizes a burgeoning body of research in political economy in this framework. He uses U.S. fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework, and show how policy often deviates from the economist s ideal of efficiency. The approach reveals, however, that some seemingly inefficient practices are quite creditable attempts to cope with transaction costs such as opportunism and asymmetric information. Copublished with the Center for Economic Studies and the Ifo Institute. Nº de ref. del artículo: AAH9780262540988

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Avinash K. Dixit
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Descripción MIT Press Ltd, United States, 1998. Paperback. Condición: New. Revised ed.. Language: English . Brand New Book. The Making of Economic Policy begins by observing that most countries trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy. Avinash Dixit looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. Such costs of planning, implementing, and monitoring an exchange have proved critical to explaining many phenomena in industrial organization. Dixit discusses the variety of similar transaction costs encountered in the political process of making economic policy and how these costs affect the operation of different institutions and policies. Dixit organizes a burgeoning body of research in political economy in this framework. He uses U.S. fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework, and show how policy often deviates from the economist s ideal of efficiency. The approach reveals, however, that some seemingly inefficient practices are quite creditable attempts to cope with transaction costs such as opportunism and asymmetric information. Copublished with the Center for Economic Studies and the Ifo Institute. Nº de ref. del artículo: AAH9780262540988

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Dixit, Avinash K
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Descripción MIT Press, 1998. PAP. Condición: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Nº de ref. del artículo: WM-9780262540988

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Dixit, Avinash K.
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Descripción Mit Press 9/1/1998, 1998. Paperback or Softback. Condición: New. The Making of Economic Policy: A Transaction-Cost Politics Perspective. Book. Nº de ref. del artículo: BBS-9780262540988

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Avinash K. Dixit
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Descripción The MIT Press. Paperback. Condición: New. 210 pages. Dimensions: 7.8in. x 5.3in. x 0.5in.The Making of Economic Policy begins by observing that most countries trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy. Avinash Dixit looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. Such costs of planning, implementing, and monitoring an exchange have proved critical to explaining many phenomena in industrial organization. Dixit discusses the variety of similar transaction costs encountered in the political process of making economic policy and how these costs affect the operation of different institutions and policies. Dixit organizes a burgeoning body of research in political economy in this framework. He uses U. S. fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework, and show how policy often deviates from the economists ideal of efficiency. The approach reveals, however, that some seemingly inefficient practices are quite creditable attempts to cope with transaction costs such as opportunism and asymmetric information. The Munich Lectures This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Nº de ref. del artículo: 9780262540988

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