October 14 class notes

October 14 class notes - October 14, 2010 The Logic of...

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October 14, 2010 The Logic of Political Survival (‘Selectorate Theory’) I. Review of Public/Private Goods a. Some public goods relevant for economic development II. Selectorate Theory a. Definitions b. A simple model c. A more complicated version involving commitment problems d. Applicants A simple theory to a complicated set of problems How do we get public goods? o Non excludable and non rivalrous How do public goods and public services differ? o Public services can be excludable and also rivalrous The Metro – can be excluded if you can’t afford it, if you don’t live near a Metro line, is rivalrous because you can’t get on if the train is full The police force – there are only so many cops on the street and if a cop is one place he can’t go help someone else Other employment benefits – need qualifications before receiving them Medicare – certain criteria before receiving the service Why is life in some countries better than life in other countries? Why are some life rates longer?
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This note was uploaded on 01/19/2011 for the course GVPT 451 taught by Professor Joelsimmons during the Fall '10 term at Maryland.

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October 14 class notes - October 14, 2010 The Logic of...

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