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COMPETITON AND PUBLIC POLICY (ECN5152)

COMPETITON AND PUBLIC POLICY (ECN5152). Introduction. Introduction. Organizational Relationship. Articles:. Cousins, Paul D ..”A conceptual model for managing long-term inter-organizational relationships.” European Journal of Purchasing & Supply Management 8 (2002) 71 – 82.

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COMPETITON AND PUBLIC POLICY (ECN5152)

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  1. COMPETITON AND PUBLIC POLICY (ECN5152) Introduction

  2. Introduction • Organizational Relationship

  3. Articles: • Cousins, Paul D..”A conceptual model for managing long-term inter-organizational relationships.”European Journal of Purchasing & Supply Management 8 (2002) 71 – 82. • Choe,Jong-min. “Inter-organizational relationship and the flow of information through value chains.”Information and Management 45 (2008) 444 – 450.

  4. Public Policy • “..A body of principles that underpin the operation of legal systems in each state. This addresses the social, moral and economic values that tie a society together: values that vary in different cultures and change over time…..” • en.wikipedia.org/wiki/Public_policy_(law)

  5. Public Policy • “..can be generally defined as the course of action or inaction taken by government entities with regard to a particular issue or set of issues…..” • en.wikipedia.org/wiki/Public_policy.

  6. Public Policy • “The set of policies (laws, plans, actions, behaviors) of a government. (Since governments claim authority and responsibility (to varying degrees….” • en.wikipedia.org/wiki/Public_policy.

  7. Public Policy • “is whatever government choose to do or not to do (Thomas Dye 1992: 2). Such a definition covers government action, inaction, decisions and non-decisions as it implies a very deliberate choice between alternatives (see Hall and Jenkins 1995). • www.stile.conventry.ac.uk/cbs/staff/beech/BOTM/Glossary.htm

  8. Public Policy • “A highly flexible term of imprecise definition, 1) for the consideration of what is expedient for the community concerned. 2) the principle of law which holds the no person can do that which has the tendency to be injurious to the public, or against the public good….” • www.swheath.com/doc/polsc215chapter1.htm

  9. Public Policy • “…theoretical models then become the foundation for policy prescriptions, sometimes with little thought as to their real world relevance.” Ferguson and Ferguson: Industrial Economics; Issues and Perspectives

  10. What is economic Regulation? • Article: “The Theory of Economic Regulation”; by George J. Stigler; the Bell Journal of Economics and Management Science, Vol.2, No.1 (Spring 1971), pp 3 – 21.

  11. Issues in Economic Regulation • Church, Jeffery and Roger Ware, 2000. “Industrial Organization: Strategic Approach.” McGraw-Hill Book Co- Singapore. International Edition. Pages:769 – 775.

  12. The Economic Theories of Regulation • It is a positive theory for the existence of regulation. • Positive – means it provides testable hypothesis (why and how industries are regulated by applying the economic concepts).

  13. The Economic Theories of Regulation • Fundamental economic explanation – • Assumptions that all economic agents/ actors are self-interested utility maximizers.

  14. The Theory of Economic regulation • Stigler (1971) made the following prediction: • Who will receive the benefit and who will bear the burden • The form and nature of regulatory intervention • The effect of regulation on resource allocation

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