Pluralistic Institutional Solutions Of The Problem Of Externalities
AbstractIn this paper, the evolution of institutional forms of taking account and controlling externalities is analyzed. Theorizing is based on the pluralistic from the institutional viewpoint concepts of 'transaction' and mode of coordination'. That is to say, the three types of transaction (managerial, bargaining, and rationing) indicated by John Commons which structure state-economy-society interaction and corresponding institutional setups (government regulation, Coase's market bargaining, and relational contracting with emphasis on the idea of corporate social responsibility, CSR) which structure contractual agreements. The choice of the transaction types and institutional arrangements depends on their relative efficiency. The paper includes a characterization of the Russian institutional setup and an analysis of advantages and disadvantages of the different forms of institutional arrangements designed for solving the problem of externalities.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Economic Laboratory for Transition Research (ELIT) in its journal Montenegrin Journal of Economics.
Volume (Year): 8 (2012)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.mnje.com
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- B. Douglas Bernheim & Antonio Rangel, 2008.
"Beyond Revealed Preference: Choice Theoretic Foundations for Behavioral Welfare Economics,"
NBER Working Papers
13737, National Bureau of Economic Research, Inc.
- Douglas Bernheim & Antonio Rangel, 2007. "Beyond Revealed Preference Choice Theoretic Foundations for Behavioral Welfare Economics," Discussion Papers 07-031, Stanford Institute for Economic Policy Research.
- Laibson, David I., 1997.
"Golden Eggs and Hyperbolic Discounting,"
4481499, Harvard University Department of Economics.
- Anton Oleinik, 2011. "Market as a Weapon: Domination by Virtue of a Constellation of Interests," Forum for Social Economics, Taylor & Francis Journals, vol. 40(2), pages 157-177, January.
- Kahneman, Daniel & Wakker, Peter P & Sarin, Rakesh, 1997. "Back to Bentham? Explorations of Experienced Utility," The Quarterly Journal of Economics, MIT Press, vol. 112(2), pages 375-405, May.
- Matveenko, V., 2010. "Stimulating Mechanisms in Ecologically Motivated Regulation: Will Ecological Policies in Transition and Developing Countries Become Efficient?," Journal of the New Economic Association, New Economic Association, issue 8, pages 10-34.
- David I. Laibson & Andrea Repetto & Jeremy Tobacman, 1998. "Self-Control and Saving for Retirement," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 91-196.
- A. Oleinik, 2009. "Minimizing Missed Opportunities," Problems of Economic Transition, M.E. Sharpe, Inc., vol. 52(8), pages 5-27, December.
- L. Polishchuk, 2009.
"Corporate Social Responsibility or Government Regulation: An Analysis of Institutional Choice,"
Problems of Economic Transition,
M.E. Sharpe, Inc., vol. 52(8), pages 73-94, December.
- L. Polishchuk., 2009. "Corporate Social Responsibility vs. Government Regulation: An Analysis of Institutional Choice," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
- Dahlman, Carl J, 1979. "The Problem of Externality," Journal of Law and Economics, University of Chicago Press, vol. 22(1), pages 141-62, April.
- Bagrat Yerznkyan, 2006. "Specificity Of "Contractual" Relations Of Government And Business In Russian Fuel And Energy Sector," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 2(3), pages 139-150.
- Anton Oleinik, 2011. "Market as a Weapon: Domination by Virtue of a Constellation of Interests," Forum for Social Economics, Springer, vol. 40(2), pages 157-177, July.
- Andrzej Rapaczynski, 1996. "The Roles of the State and the Market in Establishing Property Rights," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 87-103, Spring.
- David P. Baron, 2001. "Private Politics, Corporate Social Responsibility, and Integrated Strategy," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 10(1), pages 7-45, 03.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eryk Wdowiak).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.