Inter-governmental Competition: Market Solutions to Political Problems

Inter-Governmental Competition : Market Solutions to Political Problems

In normative public economics, inter-governmental competition is usually viewed as harmful. Although empirical support for this position does not abound, market integration has intensi ̄ed competition among developed countries. In this paper we argue that when assessing welfare e®ects of inter-governmental competition for various forms of government imperfections (the public choice critique), th...

"market-based Solutions to Environmental Problems"

There is rapidly growing interest in the use of market-based (MB) instruments in environmental policy. The papers in this session discuss three relatively new areas for such policies: groundwater contamination, nonpoint source surface-water pollution and carbon sequestration. The papers point out the potential for MB policies in these areas, but significant challenges remain. This comment highl...

Yardstick competition and political agency problems

This paper analyzes the role of yardstick competition for improving political decisions. We examine how performance comparisons across jurisdictions affect the agency problem resulting from uncertainty about politicians (adverse selection) and their policies (moral hazard). We study two forms of inefficiency: the provision of wasteful project and the failure to provide useful project .We find a...

Inter-Domain Routing: Problems and Solutions

Border Gateway Protocol (BGP) is the de facto routing protocol for inter-domain routing, which determines routes for packets that cross multiple autonomous systems. There are well-known instability, slow convergence, and scalability problems associated with the current version of BGP. As the size of Internet increases, these problems are expected to become aggravated and other newer problems ma...

BPSolver’s Solutions to the Third ASP Competition Problems