Institutional Economic Analysis on EU Transport Policy Change

Author(s):  
Wang Xiaofang ◽  
Ou Guoli
2002 ◽  
Vol 12 (1) ◽  
pp. 109-120
Author(s):  
George Giannopoulos

This paper sets out the main lines of the existing EU Transport Policy, and transport research. After a brief description of the main elements of this policy, a discussion is given of its relation with transport research and the basic orientations that existed under the previous Framework Programs for EU funded research. Then the main elements of the policy for the new (6th) Framework Program are presented.


Author(s):  
Richard R.W. Brooks

This chapter examines the treatment of fiduciary law in the field of law and economics. It begins with a typology of three theoretical tracts that accounts for loyalty in economics: the first tract takes a structural approach to questions of loyalty and disloyalty based on models occupied by strictly rational economic agents who are unable to choose or act in any manner than that dictated by narrow self-interests; the second explains loyalty in terms of personal character or preferences for particular actions and choices; and the third approaches loyalty in terms of allegiances to relationships or associations and, more specifically, to their associated rules of conduct. The chapter then discusses these three theoretical tracts of loyalty by reviewing the law and economics literature on beneficiaries and fiduciaries in general, and principals and agents in particular. The discussion is organized along lines of the two branches of scholarship that defines the field of law and economics: institutional economic analysis and economic analysis of law.


1998 ◽  
Vol 46 (4) ◽  
pp. 727-747 ◽  
Author(s):  
Geoffrey Dudley ◽  
Jeremy Richardson

A key task of governments is to construct and manage systems of consultation whereby the vast array of interest groups seeking to influence public policy can be accommodated. Conventional wisdom holds that key insider groups secure for themselves special privileges, not least of which is an ability to prevent radical policy change. A concomitant view is that public policy emerges from relatively stable networks of actors who have some mutual resource dependencies. One reason why this paradigm is showing signs of intellectual fatigue is that it seems weak in explaining policy change. Yet, policy change does take place. Indeed, it is one of the characteristics of the 1980s and 1990s. This article examines an example of the traditional modalities of consultation failing to accommodate new interests, knowledge and ideas. This breakdown appears to have occurred by the use of alternative policy ‘arenas without rules' by outsider groups, leading to a radical new ‘framing’ of transport policy. Moreover, government has failed to constrain the new policy issues in predictable and stable systems of consultation.


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