scholarly journals Piguvianism vs. Coasianism: Who Wins?

2021 ◽  
pp. 49-57
Author(s):  
Andrey E. Shastitko
Keyword(s):  
Market Failure ◽  
Optimal Allocation ◽  
Supply And Demand ◽  
State Regulation ◽  
Economic Knowledge ◽  
Price Mechanism ◽  
Role Of The State ◽  
Intellectual Traditions ◽  
The Status ◽  
Functionalist Approach

The main characteristics of approaches to the discussion of the sufficiency of grounds for the introduction / cancellation of state regulation due to the identification of failures in the price mechanism are revealed. The comparison of approaches is presented on the basis of the problem of externalities. In this regard, the provisions from the theory of externalities have been clarified in terms of their definition and correlation with the conditions for optimal allocation of resources, and certain types of external effects are presented. The key types of correction of price mechanism failures are considered, including regulatory intervention, setting up the price mechanism (including the creation of missing markets), maintaining the status quo with externalities. On this basis, the main properties of the Pigouvian and Coasian approaches in economics are determined in relation to the problems of this form of market failure. The features of Coasianism as a functionalist approach to research in contrast to fundamental liberalism are revealed. Taking into account the importance of values, the opportunities for designing of compensatory transactions and the supply and demand of economic knowledge, assessments of the prospects of functionalism and fundamentalisms are presented as a guide to action in the field of discussion and political decision-making. The comparative advantages of functionalism and fundamentalisms in the intellectual traditions of discussing the role of the state in the economy are shown.

Pigouvian vs. Coasian approach: Ideas, values, perspectives

2022 ◽  
pp. 23-46
Author(s):  
A. E. Shastitko ◽  
N. S. Pavlova
Keyword(s):  
Decision Making ◽  
Market Failure ◽  
Optimal Allocation ◽  
State Regulation ◽  
Economic Knowledge ◽  
Allocation Of Resources ◽  
Political Decision ◽  
The Difference ◽  
The Relationship ◽  
Political Decision Making

The paper reveals the characteristics of competing approaches — Pigouvian and Coasian — to identify the grounds for state regulation. We outline the connections between Pigouvian and Coasian approaches with the values and prospects for their advancement in the field of political decision-making in the context of demand for economic knowledge and the possibilities of organizing compensating transactions. These connections are considered in the light of the externalities problem as one of the manifestations of market failure, as well as different internalization options. We also clarify the provisions from the theory of externalities in terms of their definition, classification and correlation with the conditions for optimal allocation of resources. The key types of structural alternatives for correcting market flaws are considered, and the main properties of the Pigouvian and Coasian approaches in economics, as they relate to the problem of market and government flaws, are determined. This helps explain why the Coasian approach cannot be considered synonymous with liberal fundamentalism. Finally, we indicate the relationship between normative conclusions and prospects of functionalism and two types of fundamentalism in the field of political decision-making. Using the example of intertemporal externalities, the difference in the approaches of Coasianism and Pigouvianism to their internalization is demonstrated.

scholarly journals Сoordination of supply and demand alternative energy in Russia industrial with organizational solution

Upravlenie ◽  
2016 ◽  
Vol 4 (3) ◽  
pp. 46-56
Author(s):  
Рязанова ◽  
G. Ryazanova
Keyword(s):  
Renewable Energy ◽  
Alternative Energy ◽  
Renewable Energy Sources ◽  
Supply And Demand ◽  
Developed Countries ◽  
State Regulation ◽  
High Price ◽  
Energy Sources ◽  
Factors Affecting ◽  
The Status

One of the key factors affecting the competitiveness of an enterprise is low energy costs. Despite the status of Russia as an energy superpower, Russian companies are paying a high price for electricity. It has increased the past 10 years more than 3 times. In addition the traditional energy sources, there are renewable energy sources, which include solar, geothermal, bioenergy, and others. They are close in certain cases and are able to give energy. In developed countries, the production and consumption of energy from renewable sources for industry is growing every year. In Russia it is used hardly, but the potential of renewable energy is huge. This is due to the peculiarities of the country – there are a lot of hydrocarbons in Russia, and industry has focus on hydrocarbon energy sources. At the same time, in our country there are the situations where renewables can be an essential complement centralized system of electrification. But in Russia there is no mechanism of regulation of the supply / demand of alternative energy. There are not institutional conditions for state regulation of renewable energy production, there is not renewables market. The paper proposes an organizational solution that solves the problem of the coordination of the supply / demand in the Russian context.

scholarly journals Private Property Rights, Government Interventionism and Welfare Economics

2019 ◽  
Vol 19 (4) ◽  
pp. 365-397 ◽  
Author(s):  
Ivan Jankovic ◽  
Walter Block
Keyword(s):  
Property Rights ◽  
Market Failure ◽  
Private Property ◽  
Optimal Allocation ◽  
Law And Economics ◽  
Supply And Demand ◽  
Central Planning ◽  
Market Failures ◽  
Private Property Rights ◽  
Failure Theories

Abstract We develop a critique of government interventionism based on the Misesian calculation argument against socialism. If private property rights and relative prices based on supply and demand are necessary for successful economic coordination, then conventional market failure theories cannot be sustained. Government interventionism based on the idea of correcting “market failures” is analytically just a milder form of socialist central planning. Between the two, there are only differences in degree, not in kind. We criticize several public choice and law and economics scholars for disregarding this Misesian angle in their market failure theories. In our view they are reducible to arguments based on a fallacious political economy while perpetuating false neoclassical economic analysis of market failure theorists. We claim that government interventionism is just a milder form of socialist central planning. Therefore, the traditional arguments against the efficiency of central planning also apply to government interventions aiming at fixing market failures. In particular, we maintain that governments face the “knowledge problem”, which means that they cannot determine the optimal allocation of resources. In section two of this paper we discuss market failure and economic calculation. Section three is given over to our claim that the “Nirvana fallacy” is itself fallacious. The burden of section four is to address Coase and consequences. We conclude in section five.

SOCIAL ASPECTS OF NATIONAL SAFETY OF THE STATE

2018 ◽  
pp. 7-12
Author(s):  
O. B. Berezovska-Chmil
Keyword(s):  
Sustainable Development ◽  
Social Security ◽  
National Security ◽  
Negative Impact ◽  
Empirical Studies ◽  
State Regulation ◽  
The State ◽  
Potential Threat ◽  
Role Of The State ◽  
Level Of Economic Development

  In this article theoretical and еmpirical analysis of social security are conducted. Ways of the optimization social security are argumented. The author notes that significant transformation processes are taking place in the country. They affect the state of security. It is noted that with the development of scientific and technological progress the number of threats and dangers does not decrease. At the same time, the essence of the phenomenon of "danger" is revealed. Empirical studies have been carried out on the basis of an analysis of problems related to ensuring the necessary safety of people. It is established that in recent times organized crime, including cybercrime, has spread widely in Ukraine. It has a negative impact on ensuring national security and sustainable development. A number of factors have been singled out. They are a potential threat to national security. Groups of possible dangers are determined. Summarizing the opinions of scientists, the essence of the concept of "social security" is characterized. It is emphasized that its state is influenced by the level of economic development, the effectiveness of social policy of the state and state regulation of social development. The authors have grounded the formation of national and social security, have proved that sustainable development is connected with the observance of social standards; have considered the development and implementation of a balanced social and environmental and economic policy. This policy would involve active use of the latest production technologies, minimizing the amount of harmful emissions to the environment, strengthening the role of the state in solving social and economic problems and sustainable development.

Mathematical Models for Predicting and Managing Water Resources — The Case of China in 2025

2013 ◽  
Vol 448-453 ◽  
pp. 995-1001
Author(s):  
Ning Na Wang ◽  
Qin Lin Zhou
Keyword(s):  
Water Supply ◽  
Water Demand ◽  
Optimal Allocation ◽  
Supply And Demand ◽  
Decision Makers ◽  
Grey System ◽  
Allocation Model ◽  
Water Supply Management ◽  
Generate Solution ◽  
Major Factors

An effective management of water supply is critically significant to a countrys water utilities, and accurate prediction of water supply and demand is of key importance for water supply management. The objectives of this paper are to use Grey System Model (GSM) and Linear Regression Model to forecast the water demand and water supply respectively in China 2025, and then propose a new Optimal Allocation Model (OAM) to generate solution so that analysts and decision makers can gain insight and understanding. The two predictive models take into account four major factors including domestic development, agriculture, industries and eco-environment, calculating a deficit between water demand and water supply in China 2025. Then the OAM, which considers desalinization, irrigation saving and urban recycling, provides a feasible solution to fill the gap and an effectual management of water supply.

scholarly journals Giffen goods, backward bending supply curves, price controls and praxeology; or, who’s afraid of the big bad boogie man of giffen goods and backward bending supply curves? Not us

2021 ◽  
pp. 353-373
Author(s):  
Walter Block ◽  
William Barnett
Keyword(s):  
Key Words ◽  
Supply And Demand ◽  
Jel Classification ◽  
Logical Positivism ◽  
Price Controls ◽  
Resource Misallocation ◽  
Palabras Clave ◽  
Usual Manner ◽  
Demand Curves ◽  
The Status

What is the status of claims about the effects of minimum wage laws? Empirical or praxeological? We claim the latter. How can the effect of such legislation be best analyzed under the assumption of mis-behaving supply (backward bending) and demand (positively sloped, based on positing Giffen goods) curves? In the usual manner: resource misallocation still occurs. But this is only arguendo. More radically, such curves are themselves problematic. Even more radically, this, too, applies to «well behaved» supply and demand curves as well. Key words: Backward Bending Supply Curves, Price Controls, Praxeology, Giffen Goods, Logical Positivism. JEL Classification: D0. Resumen: ¿Cuál es el status del análisis sobre los efectos de las leyes de salario mínimo? ¿Empírico o praxeológico? Nosotros defendemos lo se gundo. ¿Pueden analizarse mejor los efectos de dichas leyes suponiendo curvas de oferta y demanda anómalas (como las de los bienes Giffen)? Como en el  nálisis tradicional se produce una mala asignación de recursos. En todo caso, tanto tales curvas, como las tradicionales son muy problemáticas. Palabras clave: Control de precios, praxeología, bienes de Giffen, positivismo lógico. Clasificación JEL: D0.

scholarly journals INTERNATIONAL EXPERIENCE OF THE STATE REGULATION OF TOURISM: LESSONS FOR UKRAINE

2020 ◽  
Author(s):  
V. Stoika ◽  
Keyword(s):  
State Regulation ◽  
The State ◽  
Frequent Change ◽  
Role Of The State ◽  
Constituent Element ◽  
State Participation ◽  
History Of ◽  
Tourist Infrastructure ◽  
Governmental Institutions

Organization of the state regulation of tourism in Ukraine and opportunities for its improvement on the basis of learning from the experience of leading tourist countries in Europe is the purpose of the study. The notion and main purpose of the state regulation of tourist activities is substantiated. It is established that the history of the state regulation of tourism in Ukraine points to the frequent change and re-organization of its central body, which did not facilitate the development of tourism. Analysis of the role of the state in the organization and development of tourist activities in different countries of the world allowed determining four types of models of the state participation in regulation of tourism as a constituent element of economy of the mentioned countries: American, Budget-Forming, European and Mixed. Experience of leading tourist countries (France, Spain, Great Britain and Italy) convinces of the necessity for the efficient building-up of the state bodies responsible for the development of the mentioned branch. Efficient organization of tourism in a country and its state regulation, cooperation with non-governmental institutions, active promotion of the national tourist product, implementation of efficient promotion and PR activities and a developed tourist infrastructure facilitate interest in this country by the tourists and inflow of monetary resources.

Pandemic Shock: Methodological Explanation and New Public Contract

2021 ◽  
Vol 96 (3) ◽  
pp. 45-52
Author(s):  
I. V. Zikunova ◽  
Keyword(s):  
Business Cycle ◽  
Supply And Demand ◽  
State Regulation ◽  
Business Cycle Theory ◽  
Business Operations ◽  
New Public ◽  
Socio Economic Development ◽  
The Business Cycle ◽  
Post Industrial

The pandemic shock manifested itself as a new phenomenon in the socio-economic dynamics, and thus necessitated a special reflection in the framework of the business cycle theory. In this study we present the results of theoretical positioning of a pandemic shock using the methodology of business cycle theory, in particular, using the principles of the impulse approach. To formulate conclusions, empirical data were used on the processes observed in 2020 in Russia, in the subsystems of supply and demand, in the system of state regulation. The conclusions obtained by the author can be used as sources for the formation of applied scientific problems for the continuation of research within the framework of the theory of business cycle at the post-industrial stage of socio-economic development. These conclusions include a statement of changes in the organization of labor and business operations, changes in the balance of mutual obligations of the parties to a social contract, conclusions about the emergence of new factors in the quality of human development.

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