2 PMP Notes

2 PMP Notes - P MP 10/1 Notes Representative democ is same...

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PMP 10/1 Notes Representative democ is same as republic Collective action of minorities vs entire state/nation Democ as gov’t of some minorities vs a minority (dictatorship) o Prime minister of Germany is chancellor Olson reading (“Manser”) o We join an org b/c there’s something we can’t get (a collective good) on our own Collective and common goods will mean same for this class Collective goods are for a defined group Once they are provided, they aren’t exclusive Non-collective good can be exclusive; aka private good o Something one person can have that another can’t Orgs are defined by fact that they provide collective goods In perfectly comp market, each firm is trying to max profit Profit is non-collective whereas price in perfectly comp market is collective good Once price is established, all firms will sell at that price If firms in perfectly comp market collaborate, they can agree
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This note was uploaded on 12/27/2009 for the course IRPS IRCO 400 taught by Professor Matthewshugart during the Fall '08 term at UCSD.

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2 PMP Notes - P MP 10/1 Notes Representative democ is same...

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