Legal Framework and Economic Analysis for the Valuation and Management of External Costs caused by Depreciation of Public Goods

2021 ◽  
Author(s):  
Dr. Odysseas Kopsidas
Keyword(s):  
Economic Analysis ◽  
Public Goods ◽  
Legal Framework ◽  
External Costs

Needs, the Principle of Minimum Means, and Public Goods in de Viti de Marco

2006 ◽  
Vol 28 (4) ◽  
pp. 427-438 ◽  
Author(s):  
Amedeo Fossati
Keyword(s):  
Public Finance ◽  
Economic Analysis ◽  
Public Goods ◽  
Anglo Saxon ◽  
Mainstream Economic ◽  
Main Work ◽  
English Speaking

Antonio De Viti de Marco is perhaps the most representative scholar at the origin of the Italian tradition in Public Finance, and his main work has been at the disposal of English-speaking economists since 1936 (De Viti de Marco 1936). However, at the time he was not particularly appreciated: his book had at the time one good and one bad review, but certainly left no mark on mainstream economic analysis. The fact is that De Viti's message was too far beyond the range of interests of Anglo-Saxon writers of the time.

scholarly journals Les taux de commission sur les transactions boursières au Canada : Acte II

2009 ◽  
Vol 59 (2) ◽  
pp. 350-372
Author(s):  
Jacques Saint-Pierre
Keyword(s):  
Economic Analysis ◽  
Public Goods ◽  
Product Quality ◽  
Capital Market ◽  
Stock Exchange ◽  
Economic Approach ◽  
Stock Transaction ◽  
Exchange Transactions ◽  
Production Of Information

This is the second part of a study about what could be called an economic play or drama: the deregulation of commission rates on stock exchange transactions. This article presents an economic analysis of the long-standing policy in Canada of charging minimum commission on stock transaction. The discussion draws heavily on the arguments put forward by the Montreal Exchange as a part of its recent ongoing defense of fixed commission. The arguments fall into three categories: (1) the economic approach to the analysis of the brokerage business (uncertainty in product quality) (2) the information produce by the brokerage industry are public goods because of externalities and (3) the structure of the brokerage industry. According to the Exchange's logic, the elimination of the practice of price fixing would lead to a less efficient capital market because of the reduction in the production of information and to an increase in the concentration in the brokerage business. The analysis presented in this article leads to the conclusion that the Exchange's case is faulty in terms of both its theory and its empirical proofs and that minimum commission rates on stock exchange transactions cannot be justified on economic grounds.

Responsive Regulierung für den homo oeconomicus institutionalis – Ökonomische Verhaltenstheorie in der Verhältnismäßigkeitsprüfung

2001 ◽  
Author(s):  
Kilian Bizer ◽  
Martin Führ
Keyword(s):  
Economic Analysis ◽  
Institutional Economics ◽  
Behavioral Model ◽  
Legal Framework ◽  
Homo Oeconomicus ◽  
Starting Point ◽  
The Law ◽  
Principle Of Proportionality ◽  
The One ◽  
Analytical Tools

The starting point of the research project was the hypothesis that the "principle of proportionality", which is fundamental to law, is related to the "economic principle". The resulting methodological similarities were intended to enable a cross-disciplinary bridge to be built, which would allow the findings of economic analysis to be made fruitful for legal issues. This was practically tested in three study areas in order to be able to better classify the performance of the analytical tools. The foundations for interdisciplinary bridge building are found in the rational-choice paradigm. In both disciplines, this paradigm calls for an examination of the relationship between the purpose-means-relations: among the design options under consideration, the one must be selected that is expected to be as (freedom- or resource-) sparing as possible, in other words, the most "waste-free" solution to the control problem.The results of the economic analysis can thus be "translated" in such a way that, within the framework of "necessity", they support the search for control instruments that are equivalent to the objective but less disruptive. supports. The core of the positive economic analysis is the motivational situation of those actors whose behavior is to be influenced by a changed legal framework. In this context, the classical behavioral model of economics proved to be too limited. It therefore had to be developed further in line with the findings of research in institutional economics into homo oeconomicus institutionalis. This behavioral model takes into account not only the consequentialist, strictly situational utility orientation of the model person, but also other factors influencing behavior, including above all those that are institutionally mediated. If one takes the motivational situation of the actors as the starting point for policy-advising design recommendations, it becomes apparent that an understanding of governance dominated by imperative behavioral specifications leads to less favorable results, both in terms of the degree to which goals are achieved and in terms of the freedom-impairing effects, than a mixed-instrument approach oriented toward the model of "responsive regulation." According to this model, the law can no longer simply assume that those subject to the law will "obediently" execute the legal commands. It must ask itself what other factors determine behavior and under what boundary conditions changes can be expected in the direction of the desired behavior. For this reason, too, it must engage with the cognitive program of the behavioral sciences. This linkage opens up new perspectives for interdisciplinary research on the consequences of laws.

Problems and Prospects of Energy Complex Development in the Russian Arctic Zone

2019 ◽  
pp. 30-37
Author(s):  
O. V. Skotarenko ◽  
V. I. Babenkov ◽  
Yu. A. Nikitin ◽  
M. V. Kutepova
Keyword(s):  
Economic Analysis ◽  
Russian Federation ◽  
Energy Supply ◽  
Legal Framework ◽  
The Arctic ◽  
Russian Arctic ◽  
Arctic Zone ◽  
Energy Complex ◽  
The Russian Federation ◽  
High Level

The presented study examines the specific aspects of operation of energy enterprises in the Arctic zone of the Russian Federation.Aim. The study aims to identify the current problems in the operation of energy enterprises in the Arctic territories by analyzing their state and development and thus to substantiate the selection of perspective directions for improving the efficiency of their management.Tasks. The authors show the role and importance of energy supply for the functioning of the socioeconomic system of the Arctic territories, analyze the major performance indicators of energy enterprises, and substantiate recommendations on improving the organization of their activities.Methods. This study uses the methodology of economic analysis, trend analysis, structural analysis, and specific methods of regional economic analysis.Results. One of the crucial current problems in the development of the energy complex in the Russian Arctic zone is the high level of debt in the accounts, which leads to an imbalance in the current activities of energy enterprises. Furthermore, formation of electricity tariffs depends on the money paid for the generation and transportation of electricity and the services of distribution companies. This is due to the lack of continuous monitoring of the state of accounts and the lack of a legal framework for settling differences between network and energy supply companies, which are not given sufficient attention in economic studies.Conclusions. According to the results of the study, the authors propose the major directions for improving regulation of the development and operation of energy enterprises in the Arctic zone of the Russian Federation. 

Economic Analysis on Utilization of Waste as Resources in Industrializing of Traditional Chinese Medicine Resources

2014 ◽  
Vol 675-677 ◽  
pp. 1838-1841
Author(s):  
Yu Fen Wang
Keyword(s):  
Sustainable Development ◽  
Chinese Medicine ◽  
Traditional Chinese Medicine ◽  
Economic Analysis ◽  
Public Goods ◽  
Environmental Protection ◽  
Resource Utilization ◽  
Theoretical Basis ◽  
Waste Utilization ◽  
Practical Significance

To achieve sustainable development of Traditional Chinese medicine (TCM) industry we should focus on coordination of resource utilization and environmental protection and carry out utilization of waste as resources in the course of industrialization of TCM resources. The author analyzes the production of waste and the practical significance of waste utilization as resources in the industrialization. Economic analysis is on utilization of waste as resources with four economics principles of cyclic economy, public goods, theory of externality and theory of property right. The analysis provides theoretical basis, causes and a solution to change waste of TCM into resources.

A Critical Comparison of the Main Compensation Mechanism for Victims of Natural Catastrophes in Belgium and the Netherlands. With a Law and Economics Twist

2011 ◽  
Vol 8 (1) ◽  
pp. 46-61
Author(s):  
Véronique Bruggeman
Keyword(s):  
The Netherlands ◽  
Economic Analysis ◽  
Law And Economics ◽  
Legal Framework ◽  
Compensation Mechanism ◽  
Economic Analysis Of Law ◽  
Compensation Model ◽  
Critical Comparison ◽  
Natural Catastrophes ◽  
Compensation Systems

AbstractThe yearly increase in the number of natural catastrophes is tangible and most probably to persist. It is therefore necessary to build a legal framework that can respond timely and efficiently to events of this scale by formulating a structural, comprehensive and efficient compensation model. This article aims, first, at giving policymakers and legal scholars some clear starting points for setting up such a compensation model to the victims of a natural catastrophe. The article will, second, sketch the compensation systems in Belgium and the Netherlands, discussing only the main compensation regime specifically designed for victims of natural catastrophes. Third and finally, these two systems will be compared using the insights from the economic analysis of law.

scholarly journals ANALISIS ECONÓMICO DEL DERECHO

2019 ◽  
Vol 11 ◽  
pp. 107-125
Author(s):  
YEISON PULIDO ◽  
◽  
WENDY BELLO ◽  
LAURA MANCIPE
Keyword(s):  
Economic Analysis ◽  
Basic Education ◽  
Legal Framework ◽  
Legal Order ◽  
Economic Analysis Of Law ◽  
Law Schools ◽  
Economic Agents ◽  
Avant Garde ◽  
Economic Law ◽  
Legal Foundation

Economic law incorporates the normative and principles framework that surrounds the various activities where legal foundation is required, due to legal order and reference when the economic agents or sectors know the legal framework that characterizes the action of the companies. The legal stipulation detached from economic law has reached its limit, since circumstances continue to appear that are not contemplated and that are conceived as atypical, little illustrative appreciation of the reality that companies that in no case are prescribed or confined have in front. One of the legal theories created in recent decades is the economic analysis of Law: the legal phenomena explained from the Economy. For his avant-garde, he had more critics than followers. In fact, it has not been accepted for basic education in law schools.

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