IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-24262-7_1.html
   My bibliography  Save this book chapter

Institutional Competition: An Orientative Framework

In: Competition among Institutions

Author

Listed:
  • Lüder Gerken

Abstract

In economics, it is generally agreed that competition discloses knowledge, enhances efficiency and restrains power. It is also generally accepted that one main reason for the evolution of modern states has been that certain goods, due to their non-exclusive character, are not supplied by markets — for example, legislation and social services. It seems to follow logically that the state is forced to be in a monopoly position precisely because no one else is prepared to provide these goods. Unfortunately a monopolistic setting not only lacks a device that may serve as a discovery procedure for knowledge, but it also entails the dangers of inefficient provision of goods and a concentration of power that may eventually lead to a Hobbesian Leviathan. Therefore a predicament seems inevitable.

Suggested Citation

  • Lüder Gerken, 1995. "Institutional Competition: An Orientative Framework," Palgrave Macmillan Books, in: Lüder Gerken (ed.), Competition among Institutions, chapter 1, pages 1-31, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24262-7_1
    DOI: 10.1007/9781349242627_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zaostrovtsev, Andrey P. (Заостровцев, Андрей), 2019. "Institutional Сompetition and Сollision of Сivilizations in the Process of Modernization [Институциональная Конкуренция И Столкновение Цивилизаций В Процессе Модернизации]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 150-171, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-24262-7_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.