PSCI 2401 Lecture Notes - Lecture 4: Overton Window, Game Theory, Public Choice
4 Oct 2015
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Lecture #3: why politicians vote for bad things. What is public choice theory: bureaucrats and politicians. Applying the principles of economics to the actions of. Lessons from public choice: politicians are people: people respond to incentives- politicians responds to incentives. Ex: be in government you become a cabinet minister you get higher salary, drivers. Moving up and getting more could be some incentives for politicians: ralph kalyn: big figure in politics premier of alberta, the overton window, concentrated benefits, dispersed costs: ex. You have one dollar and the government take your one dollar away. They say it is a policy and you agree to it because its just a dollar. Arby"s, chucky cheese & burger king: you can never come to a solution. Ex: you buy a gym membership to work out but you only go 4 times a year: balanced budget act mike harass, fixed election dates harper 2006/2007, accountablity act 2006.
