1 / 2

Democratic Failures

Democratic Failures. Coordinate, commit failures (e.g., war) Mean not = median Ex-ante risk of cycles, which coalitions Small group sneaks inefficient pork? Not reveal public good value/cost Private vs. common value/cost Low vs. contrary incentives. Vote Values, Bet Beliefs. 100.

clay
Télécharger la présentation

Democratic Failures

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Democratic Failures • Coordinate, commit failures (e.g., war) • Mean not = median • Ex-ante risk of cycles, which coalitions • Small group sneaks inefficient pork? • Not reveal public good value/cost • Private vs. common value/cost • Low vs. contrary incentives

  2. Vote Values, Bet Beliefs 100 Project Succeeds Opportunity Cost (Ex ante 50% chance) Project Fails 0

More Related