Institutional Competition: An Orientative Framework

Lüder Gerken

Chapter 1 in Competition among Institutions, 1995, pp 1-31 from Palgrave Macmillan

Abstract: Abstract In economics, it is generally agreed that competition discloses knowledge, enhances efficiency and restrains power. It is also generally accepted that one main reason for the evolution of modern states has been that certain goods, due to their non-exclusive character, are not supplied by markets — for example, legislation and social services. It seems to follow logically that the state is forced to be in a monopoly position precisely because no one else is prepared to provide these goods. Unfortunately a monopolistic setting not only lacks a device that may serve as a discovery procedure for knowledge, but it also entails the dangers of inefficient provision of goods and a concentration of power that may eventually lead to a Hobbesian Leviathan. Therefore a predicament seems inevitable.

Keywords: Public Choice; American Economic Review; Protectionist Policy; Political Unit; Domestic Industry (search for similar items in EconPapers)
Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-24262-7_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349242627

DOI: 10.1007/9781349242627_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().