The new systems competition /
Competition between companies tends to be beneficial for the general public, but is this also true for competition between states in a world with global financial markets, low transport costs, and increasing migration? In this book, Sinn provides a solid economic analysis of the competitive forces a...
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| Format: | eBook |
| Language: | English |
| Published: |
Malden, MA :
Blackwell Pub.,
2003.
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| Series: | Yrjö Jahnsson lectures.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
Table of Contents:
- 1, Competition among states. The new systems competition
- The selection principle
- Inefficient governments and systems competition
- Systems economics and the hierarchy of competitive processes
- Systems competition: a construction principle for Europe?
- The euro and the integration of capital markets
- Migration in Europe
- Quo vadis Europe?
- 2, Taxes and public infrastructure goods. Competition between fiscal systems
- The standard argument
- Competition with infrastructure goods
- Fiscal competition and impure public goods
- The social optimum
- Who pays for the infrastructure?
- The selection principle, the theory of clubs and the race below the bottom
- Tax harmonization and the overprovision of public goods
- Self-financing constraints and average cost pricing
- A critique of the underprovision hypothesis
- Residence taxes
- Dividend taxes and equity traps
- Existence problems
- Policy implications
- Appendix to chapter 2, Criticism of the Zodrow and Mieszkowski infrastructure model
- 3, The erosion of the welfare state. Globalization and the welfare state
- Income redistribution and the selection principle: an insurance theoretic interpretation
- Redistribution as an allocative state responsibility: a simple model
- The end of the welfare state in tax competition
- The home country principle
- Appendix to chapter 3, The non-existence of a market for wage insurance
- 4, Social dumping in the transformation process? The accusation of social dumping
- Redistribution vs. Wages in kind
- Why are the differences in direct and indirect wage costs so high?
- A simple model of the economic catching-up process
- The policy of the national government
- The overall welfare optimum
- The properties of the catching-up process
- Lessons from German unification
- Why low wages and social standards do not indicate social dumping
- 5, Ecological competition. Ecological dumping or excessively green policies?
- Conditions for a functioning ecological competition
- Ecological dumping with international spillover effects
- Pollution certificates, foreign direct investment and the rent dissipation effect
- Environmental standards
- The environmental policy externalities: a suggested interpretation
- Policy implications
- 6, The competition of product standards. Cassis de dijon and deregulation competition
- The lemons problem
- Simple model of private quality competition
- An allocative explanation of the state regulation of quality
- The competition of laxity
- Policy implications
- Appendix to chapter 6, The properties of the EE curve in figure 6.1
- 7 Limited liability, risk-taking and the competition of bank regulators. Banking risks
- Lemon bonds
- A note on the literature on limited liability and risk-taking
- Banking with unlimited liability: the basic model
- Lemon banking and the Bloos rule
- Welfare implications and optimal regulation
- The competition of banking regulation
- The Basel committee and EU on the right track
- 8, The competition of competition rules. A tottering creed
- Regulating the monopoly
- The advantage of forming a common market
- The ordo liberal equilibrium in systems competition
- Ordo liberal policy vs. First-mover advantages
- The deregulation race
- An uncomfortable proposition
- Reconsideration of regulation policy.