Institutions and Incentives in Public Policy: An Analytical Assessment of Non-Market Decision-Making

Institutions and Incentives in Public Policy: An Analytical Assessment of Non-Market Decision-Making examines the consequences of using public policy as a tool to achieve individual and social goals, and its impact on private solutions. It discusses topics such as foreign aid, education policy, environmental policy, health care policy, and the construction of private cities.

Format: Hardback
Length: 316 pages
Publication date: 15 August 2022
Publisher: Rowman & Littlefield

Institutions and Incentives in Public Policy: An Analytical Assessment of Non-Market Decision-Making delves into the intricate interplay between institutions and incentives in the realm of public policy, exploring both the theoretical and practical implications of utilizing public policy as a means to achieve specific individual and social objectives. The book's chapters examine the institutional incentives that govern non-market environments, encompassing both governmental and non-governmental contexts, employing the theoretical frameworks of market process theory and public choice theory. Through a comprehensive analysis of a diverse range of contemporary public policy issues at both the domestic and international levels, the chapters shed light on the complex dynamics that shape policy outcomes. Authored by a diverse group of scholars with diverse interests in public policy, this work encompasses discussions on critical topics such as foreign aid, education policy, environmental policy, healthcare policy, and the development of private cities. This volume holds immense relevance for scholars, students, policymakers, and informed citizens alike, as it provides a comprehensive exploration of economics, political science, public policy, and specific policies within these fields.

Introduction:
Public policy plays a pivotal role in shaping the outcomes of society, as it encompasses the decisions and actions taken by governments and other institutions to address various social, economic, and environmental challenges. While market-based solutions have often been the focus of policy discussions, non-market decision-making has gained increasing attention in recent years. This volume aims to provide an analytical assessment of non-market decision-making, exploring both its theoretical underpinnings and practical implications.

Institutional Incentives in Non-Market Settings:
The chapters in this volume examine the institutional incentives that operate in non-market settings, both governmental and non-governmental. Using the theoretical frameworks of market process theory and public choice theory, the authors analyze the factors that influence decision-making processes in these contexts. They explore how institutions such as governments, regulatory bodies, and non-profit organizations shape the incentives and constraints that policymakers face, and how these incentives can impact policy outcomes.

Contemporary Public Policy Issues:
The chapters in this volume cover a wide range of contemporary public policy issues, including foreign aid, education policy, environmental policy, healthcare policy, and the construction of private cities. The authors provide a comprehensive analysis of these issues, drawing on empirical evidence and theoretical insights to shed light on the challenges and opportunities associated with non-market decision-making.

Scholars, Students, Policymakers, and Citizens:
This volume is intended for scholars, students, policymakers, and knowledgeable citizens interested in the study of economics, political science, public policy, and specific policies within these fields. It offers a valuable resource for those seeking to gain a deeper understanding of the complexities and challenges of non-market decision-making, as well as the potential benefits and drawbacks of using public policy as a tool to achieve social goals.

Conclusion:
In conclusion, Institutions and Incentives in Public Policy: An Analytical Assessment of Non-Market Decision-Making provides a comprehensive and insightful exploration of the role of institutions and incentives in the realm of public policy. By examining the theoretical frameworks and practical implications of non-market decision-making, this volume contributes to our understanding of the complex dynamics that shape policy outcomes and offers valuable insights for policymakers and citizens alike.

Weight: 594g
Dimension: 227 x 160 x 24 (mm)
ISBN-13: 9781538160930