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The Institutional Foundations of Public Policy in Argentina
A Transactions Cost Approach

$33.00 USD

Part of Political Economy of Institutions and Decisions

  • Date Published: May 2012
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9781139244466

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About the Authors
  • This book develops a general model of public policymaking, focusing on the difficulties of securing intertemporal exchanges among politicians. By using this model the authors are able to derive a series of empirical propositions about the conditions under which policies are likely to be volatile, rigid, or high quality. In addition, the authors combine the tools of game theory with Williamson's transaction cost theory, North's institutional arguments, and contract theory, to provide a general theory of public policymaking in a comparative political economy setting. They also undertake a detailed study of Argentina, using statistical analyses on newly developed data to complement their nuanced account of institutions, rules, incentives and outcomes. Drawing on this research the book explores the reasons for Argentina's seeming inability to design and implement high quality public policies over a sustained period of time.

    • Explains how to develop transaction cost models and apply them in a way that expands the understanding of a particular case or cases
    • One of the few books by economists that takes politics seriously and actually understands political processes; it is a true work of political economy
    • A methodological primer of how to develop a general model and then apply it well
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    Reviews & endorsements

    ' … this detailed country case study warns against naively technocratic approaches to policy and institutional reforms. Students of political economy, public policy and development studies will benefit immensely from this book … this books is bound to serve as an exemplar for a systematic and integrated study of public policy making in a comparative political economy setting.' Development and Change

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    Product details

    • Date Published: May 2012
    • format: Adobe eBook Reader
    • isbn: 9781139244466
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    Part I. An Intertemporal Approach to Policymaking:
    1. Sketch of the framework and implications
    2. A theory of intertemporal political cooperation
    Part II. The Workings of Political Institutions, Policymaking, and Policies in Argentina:
    3. Congress, political careers, and the provincial connection
    4. Federalism, Argentine style
    5. The Supreme Court
    6. The bureaucracy
    7. The nature of public policies in Argentina.

  • Authors

    Pablo T. Spiller, University of California, Berkeley
    Pablo T. Spiller (Ph.D. in Economics, University of Chicago, 1980) is the Jeffrey A. Jacobs Distinguished Professor of Business & Technology at the University of California, Berkeley, and Research Associate, NBER. He has held academic positions at the University of Pennsylvania, Stanford University and the University of Illinois, at Urbana-Champaign. He has published several books and more than ninety articles in the general area of political economy and industrial organization. He is the co-editor of the Journal of Law, Economics and Organization, and Associate Editor of the Journal of Applied Economics, The Regulation Magazine and of The Utilities Project. He has been a Special Advisor to the Federal Trade Commission's Bureau of Economics, and was also an elected Member of the Board of Directors of the American Law & Economics Association.

    Mariano Tommasi, Universidad de Buenos Aires, Argentina
    Mariano Tommasi (Ph.D. in Economics, University of Chicago, 1991) is Professor and Chairman of the Department of Economics at Universidad de San Andres and Director of the Center of Studies for Institutional Development, both in Argentina. Tommasi is President (2004-2005) of the Latin American and Caribbean Economic Association. He has published several books and articles, in journals such as American Economic Review, American Journal of Political Science, American Political Science Review, Journal of Development Economics, Journal of Monetary Economics, International Economic Review, Economics and Politics, and the Journal of Policy Reform among others. He has held visiting positions in the Departments of Economics and Political Science at Yale University, the Robert F. Kennedy Visiting Professorship of Latin American Studies in the Department of Economics at Harvard University, the Ben Nathan Chair of Economics at Tel Aviv University, and a Visiting Professorship at the University of California - Los Angeles. He has been an advisor to several Latin American governments, and to international organizations such as the World Bank and the Inter-American Development Bank.

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