Titlebook: New Institutional Dimensions of Economics; Comparative Elaborat Karl E. Schenk Book 1988 Springer-Verlag Berlin Heidelberg 1988 economic po

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Introductionnt period, however, this trend of thought was clearly noticeable.. The origin and formation of institutions was one of the issues which, according to C. MENGER, should play a central role in economics.

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Co-Ordination Procedures between Subsystems: Economic Policy Regimesoduced in chapter 4, diagram 4.2. In the present and the next chapters they are treated one by one starting at the top of the subsystems hierarchy depicted in diagram 4.2. This is done in order to show which specific co-ordination procedures can possibly occur at each interface. The interface of the

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Co-Ordination Procedures between Subsystems: Governance Proceduresthere: to the governance/management interface. The term . as depicted in diagram 4.2 refers to a subsystem which is in charge of target-setting, monitoring, and rewarding the top management. It may be identical with the owners or have a mandate to represent them. One of the attributes of the governa

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Incentive Failures and the Scale of Government Participation in the Co-Ordination of Industriesrgued in chapter 7, will the reverse also be true? To answer this question, it should more precisely be asked if and how the choice of economic policy regimes on the government level will reflect these crucial micro aspects. Specifically, are there effective incentives in force on the government lev

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