Poli 100 Intro to US Government 2

Poli 100 Intro to US Government 2 - Day1Review

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Day 1 Review Puzzle: people have conflicting view Politics is how we make decisions among competing choices Institutions exist to facilitate collective action Collection actions problems: Prisoner’s dilemma, coordination, instability Principal hire agents to do some task for them Car mechanic Chef Principal cannot be sure agent is acting faithfully Information asymmetry exists between principal and agent These problems also exist in government All elected officials are “agents” of the voters Elected officials delegate tasks to bureaucrats and bureaucratic agencies  Agency lost – being unhappy about the job we elected/hired someone to do Institutional Design Governments create institutions that help solve collective dilemmas Public policies create procedures for making decisions Institutional design affects distribution of benefits in society Large vs. small states – constitutional convention: how to allocate power between 
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Poli 100 Intro to US Government 2 - Day1Review

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