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Read et al. (2009) distinguish the "means" dimension from the "who I know" dimension from the "partnerships" dimension by determining whether success depends on the studied firm ("means") or the other party ("who I know"—typically as a result of money, equity, or a product changing hands).
The European plan also includes tighter controls over the bailout money, equity in the banks, reductions in dividends and concessions from the bankers (including restrictions on executive pay in some countries), all of which were lacking from the US bailout.
In arriving at some measure of agreement on the appropriate tariffs and subsidies, the paper argues that their design must meet the considerations of value for money, equity and partnerships.
An efficient and effective system of tariffs and subsidies requires investment in the appropriate infrastructure for the urban-poor, and building of institutions based on the principles of value for money, equity and partnerships.
This kind of evaluation can help decision makers unpack evidence and assess the relative importance of both process values (such as transparency, accountability, participation, legality, faithfulness to constitutional provisions, and respect for international obligations) and content values (such as clinical effectiveness, value for money, equity, solidarity, and feasibility).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com