costs (economics)

• Costs Economics

• The Uncertain Foundations of Transaction Costs Economics.

Uncertainty is a core assumption in transaction costs theory. It forms the basis of the explanation of transaction costs and also provides a vital lin...

• Journal of Economic Issues
• Vol. 34 Nbr. 1, March 2000

• Toward a political institutionalist economics: Kapp's Social Costs, Lowe's Instrumental Analysis, and the European institutionalist approach to environmental policy.

This paper proposes that K. William Kapp's "Theory of Social Costs" and Adolph Lowe's "Instrumental Analysis" are complementary analytical frameworks ...

• Journal of Economic Issues
• Vol. 41 Nbr. 2, June 2007

• Key Influencers Convene in Chicago to Advance Behavioral Economics in Healthcare and Improve Health Outcomes and Lower Costs

To: NATIONAL EDITORS Contact: Missy Britan, +1-202-530-4531, Missy.Britan@bm.com, for ignite09 symposium

• U.S. Newswire
• October 28, 2009

• Institutional economics at the micro level? What transaction costs theory could learn from Original Institutionalism (in the spirit of building bridges).

Original Institutional Economics (OIE) normally criticizes the lack of concern and power in transaction costs theory (TCT). The consolidation of the liberal agenda and the assumption of market primacy disregarded the theories of OIE as a means of renewing the economic mainstream. Later, OIE was considered back into the fold of economic scholars and gave a special attention on the importance of history in economic thought. TCT scholars followed suit.

• Journal of Economic Issues
• Vol. 33 Nbr. 2, June 1999

• Planon Helps Organizations Reduce Costs and Improve Environmental Sustainability with Green Workplace Economics[TM].

Convergence of economic crises, environmental sustainability mandates and evolving workplace creates new market need BRAINTREE, Mass. -- Planon, a g...

• Business Wire
• January 20, 2009

• Lepage's Critical Wind-Power Stance Creating Uncertainty

ELLSWORTH, Maine -- Recent statements from Gov. Paul LePage regarding wind energy are causing some angst in Maine's wind power industry at a time changes in Augusta and Washington, D.C., are creating uncertainty over political support for renewable energy. Since his election in 2010, LePage has questioned the economics behind wind power as part of his administration's focus on lowering energy costs for Maine ratepayers. But the Republican governor's rhetoric has intensified in recent months, suggesting that the technology is increasing energy costs and padding the pockets of "special interests.

• Bangor Daily News
• May 28, 2012

• Costs

WAUWATOSA, Wis., June 1, 2011 /PRNewswire-USNewswire/ -- The national policy debate on whether Radiology Benefit Managers (RBMs) should be required for physicians ordering diagnostic imaging tests for patients is analyzed in a new study appearing in the current issue of Journal of the American College of Radiology (JACR). The study indicates that the inclusion of these third party decision- makers could actually increase cost to the health care system, largely due to the time consuming administrative burden incurred by providers. The Medicare Payment Advisory Commission - MedPAC - has recommended that Medicare employ RBMs as a way to lower utilization and ," said David Lee, Ph.D., head of health economics for GE Healthcare, Americas and senior author of Radiology Benefit Managers ...

• U.S. Newswire
• June 01, 2011

• Oil Prices Surge 6% As Libya Protests Mount

View AP video about oil g ONLINE at wvgazette.com NEW YORK - Oil prices soared to the highest level in more than two years as Libyan leader Moammar Gadhafi urged his supporters to attack protesters who are violently challenging his 42-year rule. Only a small part of Libyas oil production appeared to be affected, though analysts fear similar revolts will spread to OPEC heavyweights like Iran. Benchmark West Texas Intermediate for April delivery jumped $5.71, or 6.4 percent, to settle at $95.42 per barrel on the New York Mercantile Exchange. Oil hasnt been that high since it settled at $97.92 on Oct. 1, 2008. Retail gasoline prices in the U.S. held steady overnight at a national average of $3.171 per gallon. Libya holds the most oil reserves in Africa and is the worlds 15th-largest crude ...

• Charleston Gazette
• February 23, 2011

• Steve Scauzillo: Doing the Math of Pension Reform

The pensions debate in California comes down to a math word problem: Should the security of 2.6 million state employees and retirees jeopardize the quality of life for 37 million Californians? Put another way, no one begrudges a firefighter, a police officer or a teacher the pension he or she was promised and has contributed to (at least in part). We, the taxpayers, and working residents of the Golden State do get upset when the pension bank accounts on which these checks are drawn are inadequate, leaving the burden to the taxpayers. It's not just a righteous issue because the taxpayers should pay for some of the retirement costs of our public servants. It's an issue of economics and of fairness.

• San Gabriel Valley Tribune
• March 11, 2011

• Douglass C. North's new institutionalism.

Douglass C. North is considered a new institutionalist within the field of institutional economics. North has emphasized the importance of transaction costs in economic development and the use of game theory in formulating new models. North's notion of institutional change is considered neoclassical because it relies on movements in relative prices and entrepreneurs' reactions to these movements. While North has rejected institutionalism because of his game-theoretic approach, he still ascribes to institutionalism notions such as the importance of history and institutions.

• Journal of Economic Issues
• Vol. 29 Nbr. 2, June 1995