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Beneficial Complexity: A Field Experiment in Technology, Institutions, and Institutional Change in the Electric Power Industry 有益的复杂性:电力工业技术、制度和制度变迁的实地实验
Pub Date : 2009-06-10 DOI: 10.2139/ssrn.1417580
L. Kiesling, D. Chassin
This paper presents and analyzes the results of a recent field experiment in which residential electricity customers in Washington State with price-responsive in-home devices could use those devices to change their electricity consumption autonomously. Doing so also required an important institutional change: the regulatory institutions had to change to allow dynamic pricing. Customers could choose a retail pricing contract from a portfolio of contracts, instead of the fixed, regulated retail rate. Here we focus on the results of the real-time contract, under which homeowners participate in a double auction with a market clearing occurring every five minutes. These customers saved money, and their peak demand (and pressure on infrastructure at peak capacity) fell by 15 percent. Moreover, this combination of technology and institutional design enabled decentralized coordination, and we use complexity science to interpret results that show that the real-time market outcomes were those of a self-organizing and scalable complex adaptive system. We also draw policy implications from these results.
本文介绍并分析了最近一项现场实验的结果,在该实验中,华盛顿州的住宅电力客户使用价格敏感的家庭设备可以使用这些设备自主地改变他们的电力消耗。这样做还需要一个重要的制度变革:监管机构必须改变,以允许动态定价。客户可以从一系列合同中选择零售定价合同,而不是固定的、受监管的零售价格。在这里,我们关注实时合约的结果,根据该合约,房主参与每五分钟发生一次市场清算的双重拍卖。这些客户节省了资金,他们的高峰需求(以及高峰容量下基础设施的压力)下降了15%。此外,这种技术和制度设计的结合使分散的协调成为可能,我们使用复杂性科学来解释结果,表明实时市场结果是一个自组织和可扩展的复杂适应系统的结果。我们还从这些结果中得出政策启示。
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引用次数: 3
Ideology, Institutions and Strategy in Party-Firm Relations: Quantitative Studies of Australia, Canada and Germany 党企关系中的意识形态、制度与战略:澳大利亚、加拿大和德国的定量研究
Pub Date : 2009-06-02 DOI: 10.2139/ssrn.1413088
I. McMenamin
There is virtually no systematic cross-national research on relations on party-firm relations. This paper approaches the subject through the study of the political contributions of 960 firms in Australia, Canada and Germany. Institutional variation does little to explain the differences between the countries. By contrast, the ideological distance between the principal competitors in each party system provides a more convincing explanation. Institutional variation is a less convincing explanation. In Canada, there was little ideological difference between the Progressive Conservatives and Liberals. This allowed the dominance of pragmatic behaviour, including widespread hedging by making payments to both parties. The distance between the Liberal-National Coalition and Australian Labor Party is more significant. Although firms react to changes in power they tend to plump for one party or the other, rather than hedging. In Germany, the later reform of the Social Democratic Party underpins a more ideological basis for party-firm relations. Hedging and payments to the left are rare and strongly associated with left-wing government.
关于党企关系的跨国系统研究几乎没有。本文通过对澳大利亚、加拿大和德国960家企业的政治贡献进行研究来探讨这一问题。制度差异并不能解释国家之间的差异。相比之下,每个政党体系中主要竞争者之间的意识形态差距提供了一个更有说服力的解释。制度差异是一个不那么令人信服的解释。在加拿大,进步保守党和自由党之间几乎没有意识形态上的区别。这使得务实行为占据主导地位,包括通过向双方付款进行广泛的对冲。自由党-国家党联盟和澳大利亚工党之间的差距更大。尽管公司对权力的变化做出反应,但他们倾向于支持其中一个政党,而不是对冲。在德国,社会民主党后来的改革为党与公司的关系奠定了更加意识形态的基础。对冲和对左翼的支付很少见,而且与左翼政府密切相关。
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引用次数: 0
Governing of Agro-Ecosystem Services 管理农业生态系统服务
Pub Date : 2009-05-31 DOI: 10.2139/ssrn.1412295
Hrabrin Bachev Храбрин Башев
In this paper we incorporate interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences), and suggest a framework for analysis of mechanisms of governance of agro-ecosystem services. Firstly, we present a new approach for analysis and improvement of governance of agro-ecosystem services. It takes into account the role of specific institutional environment (formal and informal rules, distribution of rights, systems of enforcement); and behavioral characteristics of individual agents (preferences, bounded rationality, opportunism, risk aversion, trust); and transactions costs associated with ecosystem services and their critical factors (uncertainty, frequency, asset specificity, appropriability); and comparative efficiency of market, private, public and hybrid modes of governance. Secondly, we identify spectrum of market and private forms of governance of agro-ecosystem services (voluntary initiatives; market trade with eco-products and services; special contractual arrangements; collective actions; vertical integration), and evaluate their efficiency and potential. Next, we identify needs for public involvement in the governance of agro-ecosystem services, and assess comparative efficiency of alternative modes of public interventions (assistance, regulations, funding, taxing, provision, partnership, property right modernization). Finally, we analyze structure and efficiency of governance of agro-ecosystems services in Zapadna Stara Planina – a mountainous region in North-West Bulgaria. Post-communist transition and EU integration has brought about significant changes in the state and governance of agro-ecosystems services. Newly evolved market, private and public governance has led to significant improvement of part of agro-ecosystems services introducing modern eco-standards and public support, enhancing environmental stewardship, desintensifying production, recovering landscape and traditional productions, diversifying quality, products, and services. At the same time, novel governance is associated with some new challenges such as unsustainable exploitation, lost biodiversity, land degradation, water and air contamination. What is more, implementation of EU common policies would have no desired impact on agro-ecosystem services unless special measures are taken to improve management of public programs, and extend public support to dominating small-scale and subsistence farms.
本文结合跨学科的新制度和交易成本经济学(结合经济学、组织学、法学、社会学、行为学和政治学),提出了农业生态系统服务治理机制分析的框架。首先,我们提出了一种分析和改进农业生态系统服务治理的新方法。它考虑到具体体制环境的作用(正式和非正式规则、权利分配、执行制度);个体行为主体的行为特征(偏好、有限理性、机会主义、风险厌恶、信任);与生态系统服务及其关键因素(不确定性、频率、资产特异性、可占用性)相关的交易成本;以及市场、私人、公共和混合治理模式的比较效率。其次,我们确定了农业生态系统服务的市场和私人治理形式(自愿倡议;生态产品和服务的市场贸易;特别合同安排;集体行动;垂直整合),并评估他们的效率和潜力。接下来,我们确定了公众参与农业生态系统服务治理的需求,并评估了其他公共干预模式(援助、法规、资金、税收、供应、伙伴关系、产权现代化)的相对效率。最后,我们分析了保加利亚西北部山区Zapadna Stara Planina农业生态系统服务治理的结构和效率。后共产主义转型和欧盟一体化给农业生态系统服务的状态和治理带来了重大变化。新发展的市场、私人和公共治理使部分农业生态系统服务得到显著改善,引入了现代生态标准和公共支持,加强了环境管理,减少了生产集约化,恢复了景观和传统生产,实现了质量、产品和服务的多样化。与此同时,新型治理也带来了一些新的挑战,如不可持续的开发、生物多样性丧失、土地退化、水和空气污染。此外,欧盟共同政策的实施不会对农业生态系统服务产生预期的影响,除非采取特殊措施来改善公共项目的管理,并扩大公众对主导小规模和自给自足农场的支持。
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引用次数: 31
Institutional Trading Frictions 制度性贸易摩擦
Pub Date : 2009-05-29 DOI: 10.2139/ssrn.1287215
C. Chiyachantana, P. Jain
We propose and empirically examine a comprehensive measure of institutional trading frictions to include the dimensions of price impact, quantity of execution, return dynamics, speed of execution or order splitting, and trading commissions. Our empirical analysis reveals that various hidden components of institutional trading frictions such as adverse selection and clean-up costs are persistent and could add significantly to previously measured directly observable components of transaction costs. Our simultaneous system of equations accounts for the endogeniety in institutional order aggressiveness based on potentially superior information as well as order splitting strategies in the implementation stage to reduce transaction costs. Order aggressiveness, market conditions and other stock characteristics are associated with significant variations in trading frictions.
我们提出并实证检验了机构交易摩擦的综合衡量标准,包括价格影响、执行数量、回报动态、执行速度或订单分割以及交易佣金的维度。我们的实证分析表明,制度性交易摩擦的各种隐性成分(如逆向选择和清理成本)是持续存在的,并且可能显著增加先前测量的交易成本的直接可观察成分。我们的联立方程组考虑了基于潜在优势信息的制度秩序侵略性的内生性,以及在实施阶段降低交易成本的秩序分裂策略。订单侵略性、市场状况和其他股票特征与交易摩擦的显著变化有关。
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引用次数: 5
The Economy of Social and Biological Systems: A Physical Theory 社会和生物系统的经济:一种物理理论
Pub Date : 2009-05-20 DOI: 10.2139/ssrn.1407771
J. Chen
Many people have recognized the fundamental flaws in the mainstream economic theory. At the same time, most people feel that it is unlikely to develop an economic theory that is both relevant and analytical tractable. It is often thought that social problems are too complex to be described by a simple mathematical theory. Whether or not a system is complex to the human mind depends on whether we can detect simple mathematical structures among various factors in a system. Recently, a mathematical theory of economics of social and biological systems has been derived from the laws of statistical thermodynamics. The main result is a formula of variable cost as a mathematical function of product value, fixed cost, uncertainty, discount rate and project duration. From this formula of variable cost, together with fixed cost and volume of output, we can compute and analyze the returns and profits of different production systems under various kinds of environment in a simple and systematic way. The results are highly consistent with the empirical evidences obtained from the vast amount of literature in economics and biology. Furthermore, by putting major factors of production into a compact mathematical model, the theory provides precise insights about the tradeoffs and constraints of various business or evolutionary strategies that are often lost in intuitive thinking.
许多人已经认识到主流经济理论的根本缺陷。与此同时,大多数人认为,不太可能发展出一种既相关又易于分析的经济理论。人们常常认为社会问题太复杂,无法用简单的数学理论来描述。一个系统对人类来说是否复杂,取决于我们能否在系统的各种因素中发现简单的数学结构。最近,一种社会和生物系统经济学的数学理论是从统计热力学定律推导出来的。主要结果是可变成本作为产品价值、固定成本、不确定性、贴现率和项目持续时间的数学函数的公式。从这个变动成本公式出发,结合固定成本和产出量,我们可以简单系统地计算和分析各种环境下不同生产制度的收益和利润。研究结果与从大量经济学和生物学文献中获得的经验证据高度一致。此外,通过将主要生产要素放入一个紧凑的数学模型中,该理论提供了关于各种商业或进化策略的权衡和约束的精确见解,而这些通常在直觉思维中丢失。
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引用次数: 0
Fragmented Authority from Ancien Régime to Modernity: A Quantitative Analysis 从旧体制到现代性的碎片化权威:一个定量分析
Pub Date : 2009-05-02 DOI: 10.1017/S1744137410000032
M. Dincecco
This paper performs a systematic analysis that examines institutional fragmentation in terms of customs tariffs within states west of the Rhine from 1700 to 1815 and between states east of the Rhine from 1815 to 1871. Internal customs zones are measured in two ways: physical size and urban population. Both methods use 175 sample cities as described by De Vries (1984) in England, France, the Netherlands, and Spain as the basic unit of account. The results indicate that customs zones west of the Rhine were small prior to the French Revolution but grew dramatically from 1789 onwards. They thus provide definitive evidence of divided authority in Ancien Regime Europe. The measurement of external customs zones uses 117 sample cities in the German and Italian territories. The findings indicate a remarkable degree of institutional consolidation between states east of the Rhine over the 1800s.
本文对1700年至1815年莱茵河西部各州和1815年至1871年莱茵河东部各州之间的关税制度分裂进行了系统分析。内部关税区以两种方式衡量:实际面积和城市人口。这两种方法都使用De Vries(1984)在英国、法国、荷兰和西班牙所描述的175个样本城市作为基本计算单位。结果表明,在法国大革命之前,莱茵河以西的关税区很小,但自1789年以来急剧增长。因此,它们提供了欧洲旧制度中权力分裂的确凿证据。对外关税区的测量使用了德国和意大利领土上的117个样本城市。研究结果表明,19世纪莱茵河以东各州之间的制度整合程度显著。
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引用次数: 28
Entrepreneurial Entry: Which Institutions Matter? 创业入门:哪些制度重要?
Pub Date : 2009-04-01 DOI: 10.2139/ssrn.1391795
R. Aidis, S. Estrin, T. Mickiewicz
In this paper we explore the relationship between the individual decision to become an entrepreneur and the institutional context. We pinpoint the critical roles of property rights and the size of the state sector for entrepreneurial activity and test the relationships empirically by combining country-level institutional indicators for 44 countries with working age population survey data taken from the Global Enterprise Monitor. A methodological contribution is the use of factor analysis to reduce the statistical problems with the array of highly collinear institutional indicators. We find that the key institutional features that enhance entrepreneurial activity are indeed the rule of law and limits to the state sector. However, these results are sensitive to the level of development.
本文探讨了个体创业决策与制度环境之间的关系。我们明确了产权和国有部门规模对创业活动的关键作用,并通过将44个国家的国家级制度指标与全球企业监测(Global Enterprise Monitor)的工作年龄人口调查数据相结合,对两者之间的关系进行了实证检验。方法上的一个贡献是使用因素分析来减少一系列高度共线性的体制指标的统计问题。我们发现,促进企业活动的关键制度特征实际上是法治和对国有部门的限制。然而,这些结果对发展水平很敏感。
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引用次数: 48
Tribal Social Instincts and the Cultural Evolution of Institutions to Solve Collective Action Problems 部落社会本能和解决集体行动问题的制度的文化演变
Pub Date : 2009-03-26 DOI: 10.2139/ssrn.1368756
P. Richerson, J. Henrich
Human social life is uniquely complex and diverse. Much of that complexity consists of culturally transmitted ideas and skills that underpin the operation of institutions that structure our social life. Considerable theoretical and empirical work has been devoted to the role of cultural evolutionary processes in the evolution of institutions. The most persistent controversy has been over the role of cultural group selection and gene-culture coevolution in early human populations the Pleistocene. We argue that cultural group selection and related cultural evolutionary processes had an important role in shaping the innate components of our social psychology. By the Upper Paleolithic humans seem to have lived in societies structured by institutions, as do modern populations living in simple societies. The most ambitious attempts to test these ideas have been the use of experimental games in field settings to document human similarities and differences on theoretically interesting dimensions. These studies have documented a huge range of behavior cross-culturally, although no societies so far examined follow the expectations of selfish rationality. These data are at least consistent with operation of cultural group selection and gene-culture coevolution operating in the deep tribal past and with the contemporary importance of cultural evolution in the evolution of institutions and institutional diversity.
人类社会生活具有独特的复杂性和多样性。这种复杂性在很大程度上是由文化传播的思想和技能构成的,这些思想和技能支撑着构建我们社会生活的机构的运作。相当多的理论和实证工作致力于研究文化进化过程在制度演变中的作用。文化群体选择和基因-文化共同进化在更新世早期人类群体中的作用一直是争论不休的问题。我们认为,文化群体选择和相关的文化进化过程在塑造我们社会心理的先天成分方面发挥了重要作用。到旧石器时代晚期,人类似乎已经生活在由制度构成的社会中,就像生活在简单社会中的现代人一样。为了验证这些想法,最具野心的尝试便是使用实验游戏来记录人类在理论上有趣维度上的相似性和差异性。这些研究记录了跨文化的大量行为,尽管到目前为止还没有一个社会遵循自私理性的期望。这些数据至少与文化群体选择和基因-文化协同进化的运作是一致的,这些共同进化在过去的深部落中运作,与文化进化在制度和制度多样性的进化中的当代重要性是一致的。
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引用次数: 119
Political Trust of Emerging Elites and Initial Conditions: The Effect of Varieties of Socialism
Pub Date : 2009-03-21 DOI: 10.2139/ssrn.1263248
Valentina Dimitrova-Grajzl, Eszter Simon
This paper, unlike the vast existing literature on political trust, focuses on trust in post-socialist countries, and more specifically on their emerging elites, rather than on their general populations. Studying emerging elites is important in the context of establishing democracy and the survival of democracy. We stipulate that political trust is significantly determined by historical legacy: type of socialist regime, accounting for path dependence and thus, for pre-socialist legacies. Utilizing individual-level data from an institutional survey, we find that distinguishing between different types of socialism is instrumental in explaining trust of emerging elites. Our findings have implications for policies aimed at fostering political trust in post-socialist countries and more importantly for discerning future patterns of political and social developments.
与现有大量关于政治信任的文献不同,本文关注的是后社会主义国家的信任,更具体地说,是这些国家的新兴精英,而不是普通民众。研究新兴精英在建立民主和民主生存的背景下是很重要的。我们规定,政治信任在很大程度上取决于历史遗产:社会主义政权的类型,考虑到路径依赖,从而考虑到社会主义前的遗产。利用来自机构调查的个人层面数据,我们发现区分不同类型的社会主义有助于解释新兴精英的信任。我们的研究结果对旨在培养后社会主义国家政治信任的政策具有启示意义,更重要的是对辨别政治和社会发展的未来模式具有启示意义。
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引用次数: 0
Has GPRA Increased the Availability and Use of Performance Information? GPRA是否增加了性能信息的可用性和使用?
Pub Date : 2009-03-10 DOI: 10.2139/ssrn.1366039
J. Ellig
The underlying logic of the Government Performance and Results Act (GPRA) suggests that federal programs should be evaluated based on empirical evidence that they actually produce the intended outcomes. This study applies the same logic to GPRA itself, investigating empirically whether GPRA may have increased the availability and use of performance information in federal agencies. Better GPRA performance reporting is correlated with greater availability and use of several kinds of performance information by federal managers in the programs and operations they supervise. The results are statistically significant and relatively large. Correlations are especially significant for types of activities GPRA sought to encourage, such as output and outcome measures and use of performance information to allocate resources, set priorities, and develop measures and goals. These findings are consistent with the theory that GPRA has indeed prompted improvements in the availability and use of performance information in the federal government.
《政府绩效与结果法案》(GPRA)的基本逻辑表明,联邦项目应该基于它们实际产生预期结果的经验证据进行评估。本研究将同样的逻辑应用于GPRA本身,实证调查GPRA是否可能增加联邦机构绩效信息的可用性和使用。更好的GPRA绩效报告与联邦管理人员在其监督的项目和操作中更多地获得和使用几种绩效信息相关。结果在统计上是显著的,而且相对较大。相关性对于全球资源管理体系寻求鼓励的活动类型尤其重要,例如产出和结果措施以及使用绩效信息来分配资源、确定优先事项和制定措施和目标。这些发现与GPRA确实促进了联邦政府绩效信息的可用性和使用方面的改进的理论是一致的。
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引用次数: 3
期刊
New Institutional Economics
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