CHAPTER 6 PUBLIC CHOICE-4

CHAPTER 6 PUBLIC CHOICE-4 - ECON 454 LECTURE 6 PUBLIC...

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© Charles R. Hulten 2009 1 ECON 454 LECTURE 6 PUBLIC CHOICE
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© Charles R. Hulten 2009 2 CITIZEN/VOTER AS INDIVIDUAL INDIVIDUAL PREFERENCES INFORMATION VOTING/PRESSURE OF OPINION SOCIAL WELFARE FUNCTION AS MEMBER OF SPECIAL INTEREST ORGANIZING LOBBYING/PRESSURE AFFECT POLITICAL OUTCOME
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© Charles R. Hulten 2009 3 PRACTICAL PROBLEMS WITH MAJORITY RULE GOVERNMENT HAS GROWN COMPLEX AND DISTANT RELATIVE TO THE DAYS OF DE TOCQUEVILLE VOTER APATHY - PEOPLE DON’T BELIEVE THEY CAN REALLY INFLUENCE OUTCOMES PEOPLE FALL PREY TO OLSON HYPOTHESIS SPECIAL INTEREST POLITICS: LIKE MORE SPENDING, HATE MORE TAXES VOTERS INFLUENCED BY IDEOLOGICAL AND SPECIAL INTEREST CAMPAIGNS IN THE MASS MEDIA
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© Charles R. Hulten 2009 4 THEORETICAL PROBLEMS WITH MAJORITY RULE ARROW-IMPOSSIBILITY THEOREM NON-TRANSITIVITY AND CYCLING TYRANNY OF THE MEDIAN VOTER NO MECHANISM TO REGISTER INTENSITY OF PREFERENCE OTHER THAN APATHY OR ACTIVISM
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This note was uploaded on 10/24/2011 for the course ECON 454 taught by Professor Staff during the Spring '08 term at Maryland.

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CHAPTER 6 PUBLIC CHOICE-4 - ECON 454 LECTURE 6 PUBLIC...

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