THE INSTITUTIONS OF THE EUROPEAN UNION – AN ANALYTICAL APPROACH OF PUBLIC CHOICE THEORY AND INSTITUTIONAL ECONOMICS

Lars O. Pilz
Additional contact information
Lars O. Pilz: Wilhelm Merton-Centre for European Integration and International Economics Johann Wolfgang Goethe-University Frankfurt/Germany

Revista Economica, 2008, vol. 40, issue 3, 101-118

Abstract: The paper is developing an analysis of the delegation of decisionmaking competencies towards different political levels of the multi-levelgovernance in the European Union. The theory of public choice is used to explain decisions taken by the citizens of the union and the political actors having the decision-making competence on the national or on the supranational level. Starting from the concept of the homo economicus the theory of transaction costs, externalities and public goods is used to give an overview about the efficiency of internal and external institutions. This helps to analyse the question how an adequate delegation of decision-making towards the multi-level-governance should look like and what consequences could be drawn towards the calculation of costs and benefits for the European society.

Keywords: European Union; Economic Integration; Welfare Systems; Institutional Economics; Public Choice Theory (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://economice.ulbsibiu.ro/RePEc/blg/reveco/407pilz.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:40:y:2008:i:3:p:101-118

Access Statistics for this article

More articles in Revista Economica from Lucian Blaga University of Sibiu, Faculty of Economic Sciences Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No.17, postal code 550324, Sibiu, Romania. Contact information at EDIRC.
Bibliographic data for series maintained by Eduard Alexandru Stoica ().