If anything, they say, Cendant can help make the industry more efficient by financing the development of an online solution to the cumbersome paperwork involved in home closings.
More efficient public finances would make a much bigger difference, however.
IPR represents a radical form of statist intervention (patent office, patent enforcement, research and development subsidies, tax breaks, monopolistic pricing, and the inevitable colossal subsidy programs, etc) when there exist more efficient models for financing research and development that adopt free market outcomes.
And it can be used as security for bank credit lines that are a more efficient means of financing than tapping the stock or bond market.
Ideally, we would be looking to switch to more efficient mechanisms for financing drug research.
It is also critical for resource limited countries like Uganda to look for more efficient ways of financing health care as the current system does not seem to mobilize sufficient resources to provide the desired levels for the entire population [25].
This is why remittances from Africans abroad, which have trebled in a decade to an estimated $60bn annually (just under double the donor flow), are a more efficient source of external financing than aid.
Garage.com and VCapital, for example, simply make the search for financing more efficient by creating a meeting place for business plans and interested firms.
There is robust evidence that vouchers increase utilisation of health goods and services; however, it is unclear if voucher programmes are more efficient than other health financing strategies (Meyer et al. 2011).
"The finance industry that sustained the expansion of railroads, steel and chemical industries seems to have been more efficient than the current finance industry".
