The Experts below are selected from a list of 360 Experts worldwide ranked by ideXlab platform
Vincent Geloso - One of the best experts on this subject based on the ideXlab platform.
-
regulatory capture and the dynamics of Interventionism the case of power utilities in quebec and ontario to 1944
Social Science Research Network, 2021Co-Authors: Germain Belzile, Rosolino Candela, Vincent GelosoAbstract:To what extent are the outcomes of economic regulation intended and desired by its proponents? To address this question, we combine Stigler’s theory of regulatory capture with the Austrian theory of the dynamics of Interventionism. We reframe Stigler’s theory of regulatory capture as an analytical starting point for a dynamic theory of Interventionism, one which accounts for the unintended consequences that emerge from regulation, even if the origins of such regulation were designed to benefit a particular industry or special interest group. Therefore, we argue that regulatory capture is not necessarily inconsistent with a dynamic theory of intervention. We illustrate this theoretical point by applying it to an econometric case study of electric utility regulation and its nationalization in both Ontario and Quebec in the early 20th century, resulting in unintended and undesirable consequences that deviated from the interests of the regulation’s intended beneficiaries.
-
dynamics of Interventionism and economic development in quebec before 1854
Social Science Research Network, 2020Co-Authors: Vincent GelosoAbstract:The theory of Interventionism argues that government interventions are inherently destabilizing which helps explain the growth of government. I argue that the theory of Interventionism is also useful process of economic growth. At first, an intervention reduces living as a level change. However, because the intervention alters entrepreneurial incentives, there is a second effect that decelerates economic growth (Czegledi 2014). Any additional intervention to deal with the distortions generated by initial interventions merely accentuates these two effects. Thus, the dynamics of Interventionism entail a cumulative process of divergence. To illustrate my argument, I use the example of milling regulations in colonial Quebec. Directly, these regulations reduced the quantity and quality of milling services. However, indirectly, they altered long-run specialization patterns notably in dairy production. As dairy exports later boomed due to exogenous factors, this alteration eventually led to greater divergence.
-
The Lighthouse Debate and the Dynamics of Interventionism
The Review of Austrian Economics, 2020Co-Authors: Rosolino A. Candela, Vincent GelosoAbstract:Coase’s publication of “The Lighthouse in Economics” ( 1974 ) sparked a polarizing debate over his claim that government intervention is not necessary for the existence of a private lighthouse market. The purpose of this paper is to reframe this debate by asking the following question: why was nationalization the outcome of lighthouse regulation? We answer this question by utilizing the Austrian theory of Interventionism to illustrate how regulation of the lighthouse market distorted the entrepreneurial market process. We argue that the nationalization of the lighthouse market in England and Wales was a result of prior government failure to exclude private lighthouses from the market, not a failure of the entrepreneurial market process to privately provide lighthouses.
Margherita Colangelo - One of the best experts on this subject based on the ideXlab platform.
-
antitrust scrutiny of excessive prices in the pharmaceutical sector a comparative study of the italian and uk experiences
Social Science Research Network, 2018Co-Authors: Margherita Colangelo, Claudia DesogusAbstract:Excessive pricing has generally been seen as a problem to be addressed through sector-specific regulation rather than through antitrust intervention. Literature on the issue is divided between scholars calling for an interventionist approach and those supporting a non-interventionist approach on the basis of conflicting rationales. However, recent cases have called attention to the imposition of excessive prices in the pharmaceutical sector. The Aspen and the Flynn cases, in particular, constitute emblematic examples of such practice in the field of off-patent drugs. The analysis of the investigations conducted by national competition authorities in these cases provides some important insights into the controversial issues of ascertaining when antitrust intervention can be considered justified and of determining which methodology may be properly adopted in order to assess whether a drug price is unfairly high.
Daniel S. Brooks - One of the best experts on this subject based on the ideXlab platform.
-
Interventionism and Supervenience: A New Problem and Provisional Solution
International Studies in the Philosophy of Science, 2014Co-Authors: Markus I Eronen, Daniel S. BrooksAbstract:The causal exclusion argument suggests that mental causes are excluded in favour of the underlying physical causes that do all the causal work. Recently, a debate has emerged concerning the possibility of avoiding this conclusion by adopting Woodward's interventionist theory of causation. Both proponents and opponents of the interventionist solution crucially rely on the notion of supervenience when formulating their positions. In this article, we consider the relation between Interventionism and supervenience in detail and argue that importing supervenience relations into the interventionist framework is deeply problematic. However, rather than reject interventionist solutions to exclusion wholesale, we wish to propose that the problem lies with the concept of supervenience. This would open the door for a moderate defence of the interventionist solution to the exclusion argument.
Claudia Desogus - One of the best experts on this subject based on the ideXlab platform.
-
antitrust scrutiny of excessive prices in the pharmaceutical sector a comparative study of the italian and uk experiences
Social Science Research Network, 2018Co-Authors: Margherita Colangelo, Claudia DesogusAbstract:Excessive pricing has generally been seen as a problem to be addressed through sector-specific regulation rather than through antitrust intervention. Literature on the issue is divided between scholars calling for an interventionist approach and those supporting a non-interventionist approach on the basis of conflicting rationales. However, recent cases have called attention to the imposition of excessive prices in the pharmaceutical sector. The Aspen and the Flynn cases, in particular, constitute emblematic examples of such practice in the field of off-patent drugs. The analysis of the investigations conducted by national competition authorities in these cases provides some important insights into the controversial issues of ascertaining when antitrust intervention can be considered justified and of determining which methodology may be properly adopted in order to assess whether a drug price is unfairly high.
Jonathan Gorst - One of the best experts on this subject based on the ideXlab platform.
-
reverse logistics in the uk retail sector a case study of the role of management accounting in driving organisational change
Management Accounting Research, 2013Co-Authors: John Cullen, Mathew Tsamenyi, Mike Bernon, Jonathan GorstAbstract:This paper illustrates how interventionist research can be helpful in providing managerially relevant solutions and furthers the debate about the relationship between social science research and practice. Through this use of interventionist methods, the paper contributes to knowledge by illustrating the way in which management accounting was used alongside other managerial disciplines in a UK Retail organisation to promote change and influence outcomes. Specifically, the paper focuses on changes to the reverse logistics processes of the organisation and the important role that management accounting played. It also illustrates the use of management accounting in the pursuit of strategic and commercial advantage. As researchers, our work was grounded in action rather than being just observers.
