The Experts below are selected from a list of 9666 Experts worldwide ranked by ideXlab platform
Andrew Cumbers - One of the best experts on this subject based on the ideXlab platform.
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reclaiming Public Ownership making space for economic democracy
2012Co-Authors: Andrew CumbersAbstract:The last few years have seen the spectacular failure of market fundamentalism in Europe and the US, with a seemingly never-ending spate of corporate scandals and financial crises. As the environmental limits and socially destructive tendencies of the current profit-driven economic model become daily more self-evident, there is a growing demand for a fairer economic alternative, as evidenced by the mounting campaigns against global finance and the politics of austerity. 'Reclaiming Public Ownership' tackles these issues head on, going beyond traditional lefist arguments about the relative merits of free markets and central planning, to present a radical new conception of Public Ownership. Framed around economic democracy and Public participation in economic decision-making, Cumbers argues that a reconstituted Public Ownership is central to the creation of a more just and sustainable society.
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Rethinking Public Ownership and participation
on The Horizon, 2012Co-Authors: Andrew Cumbers, Robert McmasterAbstract:Purpose – This paper seeks to challenge the simplistic formulation of Public Ownership in terms of centralized planning and state bureaucracy. Instead, drawing on the works of Dewey and Veblen the paper aims to argue that Public Ownership is a critical aspect of forging progressive change through enhancing democratic participation in economic decision making.Design/methodology/approach – The paper presents a conceptual analysis of Public Ownership types and employs case examples to further illuminate the argument.Findings – The conceptual analysis challenges the supposition of market superiority in standard economic approaches and in neoliberalism. Drawing from the instrumental valuation principle a wide corpus of Public Ownership modes can offer the prospect of enhanced democratic participation that challenges existing power structures.Originality/value – By emphasising the association between Ownership and democracy the paper challenges the assumption that markets necessarily offer the only route to dem...
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revisiting Public Ownership knowledge democracy and participation in economic decision making
Review of Radical Political Economics, 2012Co-Authors: Andrew Cumbers, Robert McmasterAbstract:Public Ownership in the form of nationalization of the banking sector has re-emerged on the Public agenda. Yet, there has been very little debate about the meaning, status, and function of Public Ownership as an alternative strategy in the context of globalization and advanced capitalism. Here, as a contribution to this agenda we advocate forms of Public Ownership tailored to enhance democratic decision making in the economy, to achieve greater equality and social cohesion, and wherever possible to encourage localized rather than central control and Ownership.JEL classification: B51; H10; L00.
Gustavo Nombela - One of the best experts on this subject based on the ideXlab platform.
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Effects of Public Ownership over Firms' Size and Overstaffing Problems
Public Choice, 2001Co-Authors: Gustavo NombelaAbstract:A model is presented to analyse the impact ofOwnership over the problem of excess of employmentgenerally found in Public firms. A government has toprovide a service or build an infrastructure, underuncertainty about the valuation of the project byconsumers. Three possible Ownership schemes areconsidered for the provision of this service: astate-owned firm, a private firm with a completecontingent contract, or a private firm with anincomplete contract. In all three schemes, the agentthat chooses the size of the project is always thegovernment, without any asymmetries of information.Even though multiple solutions are feasible and nodefinitive conclusion is found to be valid for allstates of nature, an evaluation of outcomes shows thata private firm tends to underprovide infrastructure orservices more often, while under Public Ownership thefirm is typically larger. If incomplete contracting isadded to the private firm case, the model exhibitssolutions in which outcomes could be socially worsethan those obtained by a Public firm. Only changes inthe voting behaviour of workers and contracting costsare required in this model to derive these results.Thus, the paper provides an example that Ownership per se may have an effect on the size andefficiency of firms, even under symmetric informationconditions, an extreme that has been generally deniedin the literature on Public firms and privatisation.
Leonard Waverman - One of the best experts on this subject based on the ideXlab platform.
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the effects of Public Ownership and regulatory independence on regulatory outcomes
Journal of Regulatory Economics, 2006Co-Authors: Geoff Edwards, Leonard WavermanAbstract:We examine the effects of Public Ownership and regulatory agency independence on regulatory outcomes in EU telecommunications. Specifically, we study regulated interconnect rates paid by entrants to incumbents. We find that Public Ownership of the incumbent positively affects these interconnect rates, and suggest that governments influence regulatory outcomes in favor of incumbents in which they are substantially invested. However, we also find that the presence of institutional features enhancing regulatory independence from the government mitigates this effect. In order to study regulatory independence, we introduce a new cross-country time-series database—the European Union Regulatory Institutions (EURI) Database. This database describes the development of institutions bearing on regulatory independence and quality in telecommunications in the 15 founding EU member states from 1997 to 2003 Copyright Springer Science+Business Media, Inc. 2006
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the effects of Public Ownership and regulatory independence on regulatory outcomes a study of interconnect rates in eu telecommunications
Journal of Regulatory Economics, 2006Co-Authors: Geoff Edwards, Leonard WavermanAbstract:We examine the effects of Public Ownership and regulatory agency independence on regulatory outcomes in EU telecommunications. We present evidence of political influence over regulatory outcomes, and demonstrate the importance of regulatory independence in ensuring unbiased regulatory policy. Specifically, we study regulated interconnect rates paid by entrant firms to incumbent firms. We find that Public Ownership of the incumbent positively affects these interconnect rates, suggesting an ability of governments to influence regulatory outcomes in favor of incumbents in which they are substantially invested. However, we also find that the presence of institutional features enhancing regulatory independence from the government mitigates this effect. In order to study regulatory independence, we introduce a new cross-country time-series database – the European Union Regulatory Institutions (EURI) Database. This database describes the development of institutions bearing on regulatory independence and quality in telecommunications in the 15 founding EU member states from 1997 to 2003. Beyond the current research, we expect this database will prove useful in future studies of the effects of the institutional environment of regulation on industry structure and performance.
Adam Larragy - One of the best experts on this subject based on the ideXlab platform.
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Book review: Reclaiming Public Ownership: making space for economic democracy
2013Co-Authors: Adam LarragyAbstract:Reclaiming Public Ownership attempts to go beyond traditional leftist arguments about the relative merits of free markets and central planning to present a radical new conception of Public Ownership, framed around economic democracy and Public participation in economic decision-making. Adam Larragy is impressed by the delicate balance this book achieves, in that it is able to articulate demands for economic democracy through collective Ownership whilst also acknowledging the need to engage with the state in order to create and promote pluralistic forms of Public Ownership.
He Li - One of the best experts on this subject based on the ideXlab platform.
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Mutual Optimization Grouping: Modern Public Ownership and Market Economy
Journal of Henan Normal University, 2020Co-Authors: He LiAbstract:With the progress of social productive forces, the property right system on which the market economy relies has changed in both contents and forms. The contents of Public Ownership became richer and the forms vary from state-owned to stock company. Developing from the free form to a modern one, the market economy has the function of distributing resources and optimizing the Public Ownership.
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Theoretical Perspective on the Relationship between Public and Non-Public Ownership
Journal of Henan Normal University, 2020Co-Authors: He LiAbstract:In socialist country, the system of market-oriented economy and the development of productive forces require that Public and non-Public Ownership co-exist in one social economic formation in the functioning of social economy. The co-existence of various forms of Ownership and systems of property right lays the foundation of drawing lessons from each other and promoting further development in coupling. If some kind of Ownership and relationship among various kinds of Ownership are limited and cancelled subjectively, the development of property right will be hindered, the capacity of various kinds of Ownership will be restricted, the vigor of economic development will be suffocated. The dynamic development of relationship between Public Ownership and non-Public Ownership will have great effect on macro-Ownership and micro-property system.
