Theoretical and Applied Economics
No. 12 / 2014 (601)
Covering the social costs of market failure – the unsub of the value added
National University of Political Studies and Public Administration, Romania
Cătălin D. DUMITRICĂ
National University of Political Studies and Public Administration, Romania
Abstract. The article presents some of the conclusions of a larger research project aiming at creating a map of the decisions on negative externalities in the regional development and collaborative governing framework.
The present regional development models that are focused on the sustainable development (human sustainability, social sustainability, economic sustainability, environmental sustainability) represent the result of the mechanisms quantifying the negative externalities costs on the local authorities’ level. The negative externalities represent an assigning criterion based on the subsidiarity principle, especially with regard to the “beggar thy neighbor” policies, namely the environmental pollution, and this provision is in itself a reason for the national economies to act in case of negative externalities. The public decision on covering the negative externalities, taken in accordance with the economic approach of subsidiarity pertaining to the multilevel governance provides a balanced solution for all the interested parties – citizens, economic agents and the government (who are designing a map for covering the social costs raised by the negative externalities , which must be in accordance with both the national and European decisions, but, at the same time, suspending this map whenever it is in conflict with these decisions cannot be an answer, thus leaving the social costs uncovered).
Contents
Data mining of transactional data for sales of dairy products
Research on the evolution of controlling tasks and their delimitation from audit tasks
Franchise’s place within sustainable development matrix: an Institutional Economics approach
Sensory experience – between the tourist and the marketer
Covering the social costs of market failure – the unsub of the value added
Determinants of capital structure: comparison of empirical evidence for the use of different estimators
How can Africa attract different forms of capital flow: theoretical perspectives
Legal and Practical Aspects of the Associations between the City of Bucharest and the Large Territorial Collectivities – Actuality and Perspective
Psychological biases and the capital structure decisions: a literature review
The Role of “After School” Units in Romania’s Rural Areas
Is Cash Conversion Cycles Optimum in Turkish Listed Food-Beverage Firms?
Comparative analysis of the financial discount rate and of the net present value of a public investment project throughout its life