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Second Best (second + best)

Distribution by Scientific Domains

Law and Criminology	50%
Business, Economics, Finance and Accounting	50%

Selected Abstracts

In Defense of Asbestos Tort Litigation: Rethinking Legal Process Analysis in a World of Uncertainty, Second Bests, and Shared Policy-Making Responsibility

LAW & SOCIAL INQUIRY, Issue 1 2009
Jeb Barnes
A central question in American policy making is when should courts address complex policy issues, as opposed to defer to other forums? Legal process analysis offers a standard answer. It holds that judges should act when adjudication offers advantages over other modes of social ordering such as contracts, legislation, or agency rule making. From this vantage, the decision to use common law adjudication to address a sprawling public health crisis was a terrible mistake, as asbestos litigation has come to represent the very worst of mass tort litigation. This article questions this view, arguing that legal process analysis distorts the institutional choices underlying the American policy-making process. Indeed, once one considers informational and political constraints, as well as how the branches of government can fruitfully share policy-making functions, the asbestos litigation seems a reasonable and, in some ways, exemplary, use of judicial power. [source]

The nature of technology-mediated interaction in globalized distance education

INTERNATIONAL JOURNAL OF TRAINING AND DEVELOPMENT, Issue 4 2003
Charalambos Vrasidas
The purpose of this paper is to discuss technology-mediated communication and interaction in globalized distance education. We will briefly present the context, methods, findings, and implications of a research and development program we have been running for the last five years at Western Illinois University in collaboration with other institutions in the US, Mexico, and Cyprus (Intercollege). The emphasis will be on discussing the differences between face-to-face (F2F) and technology-mediated interaction. Online interaction may be slower and ,lacking' in continuity, richness, and immediacy, when compared to F2F interaction; however, in some ways online interaction may be as good as or even superior to F2F interaction. We will use selected findings from our work to theorize the nature of interaction in online distance education in a globalized world. Our argument is that despite differences between F2F and online distance education, the latter should not be considered as second best, because there are significant qualities of online education that are often ignored. [source]

Regulation and Social Solidarity

JOURNAL OF LAW AND SOCIETY, Issue 3 2006
Tony Prosser
Justifications for regulation are commonly based on the identification of market failures. This is however inadequate to account for much regulation, and sees regulation as inherently second best to market allocations. This article argues that, although some regulation will be based on market failure, other justifications can be found in the protection of rights and in the maintenance of social solidarity. Theoretical support for this last rationale can be found in the work of Durkheim and Duguit and the concept of public service. To accept this rationale for regulation has important implications both for regulatory policies and regulatory instruments. [source]

Mixed oligopoly and spatial agglomeration

CANADIAN JOURNAL OF ECONOMICS, Issue 1 2003
Noriaki Matsushima
We use a circular city model with quantity-setting competition. In contrast to a pure market case discussed by Pal (1998a), spatial agglomeration of private firms always appears in equilibrium. All private firms locate at the same point, and the public firm locates at the opposite side. We also find that this equilibrium pattern of the location is second best provided that output of each private firm cannot be controlled by the social planner. JEL Classification: H42, L13 Oligopole mixte et agglomération spatiale Les auteurs examinent un marché mixte où une entreprise publique possédée par l'État et cherchant à maximiser le niveau de bien-être est en concurrence avec des entreprises privées qui cherchent à maximiser leurs profits. On utilise un modèle de cité circulaire où la concurrence se fait en choisissant la quantité produite. En contraste avec le cas du marché parfait discuté par Pal (1998a), l'agglomération spatiale des entreprises privées paraît être en équilibre. Toutes les entreprises privées se localisent au même point, et l'entreprise publique se localise du côté opposé. Il appert que ce pattern d'équilibre de localisation est un équilibre de second ordre compte tenu du fait que la production de chaque entreprise privée ne peut être contrôlée par le planificateur social. [source]