Institutions and Incentives in Public Policy: An Analytical Assessment of Non-Market Decision-Making explores, both in theory and in practice, the consequences of using public policy as a tool to achieve specific individual and social goals, as well as its impact on private solutions to address such goals. The chapters 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, they analyze a diverse set of contemporary public policy issues at both the domestic and international levels. Authored by individuals from a variety of disciplines with diverse interests in public policy, this work includes discussions of topics, such as foreign aid, education policy, environmental policy, health care policy, and the construction of private cities. This volume is relevant to scholars, students, policymakers, and knowledgeable citizens interested in the study of economics, political science, public policy, as well as those interested in particular policies rather than specific disciplines.
Rosolino Candela is a Senior Fellow of the F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics, and a Program Director of Academic and Student Programs, both at the Mercatus Center at George Mason University.
Rosemarie Fike is an Instructor of Economics at Texas Christian University and a Senior Fellow of the Fraser Institute.
Roberta Herzberg is a Distinguished Senior Fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics.
Introduction by Rosolino A. Candela, Rosemarie Fike, and Roberta Herzberg
Part I: Education Policy
Chapter 1: Rise of a Centropoly: Good Intentions, Distorted Incentives, and the Cloaked Costs of Top-Down Reform in US Public Education by Martha Bradley-Dorsey
Chapter 2: Group Identity and Unintended Consequences of School Desegregation by Nathaniel Burke
Part II: Federal Policy
Chapter 3: Compensating the Innocent: Hayekian Considerations for Wrongful Conviction Compensation Statutes by Dora Duru
Chapter 4: Rent-Seeking in Medicaid Managed Care by Neil McCray
Chapter 5: Banking on the Masses: Mainstreaming Marginal Legal Entrepreneurship along with the Trappings of Transitional Gains, 1910 to 1940 by Thomas B. Storrs
Part III: International Policy
Chapter 6: Taking Time and Distinct Law Types Seriously: How the Effects of CSO Laws Vary by Type and Unfold over Time by Anthony J. DeMattee
Part IV: Public Governance
Chapter 7: A Tale of One City: Lavasa as a Coasian Prototype of a Private Urban Development by Vera Kichanova
Chapter 8: The Political Effects of a Polycentric Order in Nigeria by Ifeoluwa M. Olawole
Part V: Environmental Policy
Chapter 9: Environmental Justice, Incentives, and the Unknown: Knowledge Problems, Institutional Incentives, and Responses to Natural Disaster Scenarios by Emil Panzaru
Chapter 10: Unintended Consequences of a US Meat Tax by Alison Grant
Chapter 11: Institutional Differences in the Stewardship and Research Output of United States Herbaria by Alexis Garretson
Part VI: Technology Policy
Chapter 12: Introducing a Theory of Asset Specificity for Hacking Services by Karl Grindal