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Chapter 1
- Ancient Athens Agora
- e-commerce
- The only natural economy.”
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Chapter 2
- Bottom-up market creation
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Chapter 3
- AIDS drugs become unaffordable to Africans
- The Bad Side of Global Markets
- Market incentives are the driving force behind the creation of drugs
- Change of Intellectual Property Rights
- Top-down market design
- This is a change in the definition of “ownership”
- That’s equivalent to 4 of the following 5 conditions.
- AIDS drugs become unaffordable to Africans
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Characteristics of a functioning market platform
- Smooth flow of information
- Information cost issues Chapter 4
- Moroccan Bazaar
- Search Costs Weaken Competitive Pressure
- Intermediaries effective in improving market inefficiencies
- Moroccan Bazaar
- Information cost issues Chapter 4
- That people can be trusted to keep their promises.
- Mechanisms supporting trust Chapter 5
- trust building mechanism
- contract law
- Distribution of information on contract violators
- Elimination of uncertainty regarding the quality of goods
- trust building mechanism
- Mechanisms supporting trust Chapter 5
- To promote competition.
- Effects of Competition Chapter 6
- Balance of bargaining power
- Efficient resource allocation
- Competitive Market Design Chapter 7 - Design of [auction
- Effects of Competition Chapter 6
- Property rights are protected, but not overly so.
- Positive aspects of property rights protection Chapter 8
- Agrarian Reform in China
- real property right
- Agrarian Reform in China
- Negative aspects Chapter 9
- intellectual property right
- patent
- Positive aspects of property rights protection Chapter 8
- Controlled side effects on third parties
- This is about externalities.
- Chapter 10.
- marine fisheries
- sports league
- Norms by the community
- Top-down taxation and norms
- Define property rights top-down and let the bottom-up negotiate - carbon credit Something like this.
- Chapter 10.
- Negative externalities, of course, can be suppressed, but positive externalities also hinder the market, whether this should be suppressed or not. Chapter 11.
- This is about externalities.
- Smooth flow of information
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Collusion and bribery Chapter 12.
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Communist and Market Economies
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Use of local knowledge
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Parallel experiments based on diverse predictions
- After all, this is about using swarm intelligence as a means of optimization.
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Collective elements are necessary.
- Underground economy without state protection
- Transactions are limited to simple and small
- The state must finance and produce for market platforms and public goods
- Whoa, talk about Funding the Commons. Chapter 13.
- Underground economy without state protection
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Why do centralized enterprises operate efficiently?
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Because the shareholders have a stake in the company through private ownership?
- →It’s hard to explain a large company with separate ownership and management with that. Chapter 14.
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Making Markets Work for Public Policy
- Sulfur Dioxide Pollution Rights Market Chapter 15.
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Economic Reforms in China
- Allowed state-owned enterprises to sell on the market rather than privatize them.
- If this were done in Japan, there would be a backlash against it, such as “oppression of private industry” etc.
- township and village enterprise
- http://kccn.konan-u.ac.jp/keizai/china/05/02.html
- Enterprises jointly owned by the Village Chapter 16.
- Allowed state-owned enterprises to sell on the market rather than privatize them.
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Poverty Alleviation and Economic Growth Chapter 17.
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The market is not the objective.
- The only reliable way to improve living standards
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The market is always right or the market is always evil requires an ideological perspective, a pragmatic approach
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