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Institution & Behavioral Econ

by: Armando Dare

Institution & Behavioral Econ AEC 810

Armando Dare
GPA 3.64


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Class Notes
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This 2 page Class Notes was uploaded by Armando Dare on Saturday September 19, 2015. The Class Notes belongs to AEC 810 at Michigan State University taught by Staff in Fall. Since its upload, it has received 36 views. For similar materials see /class/207431/aec-810-michigan-state-university in Agricultural & Resource Econ at Michigan State University.

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Date Created: 09/19/15
Buchanan I Down with welfare economics Efficiency is not unique E1 Vs E 2 I Because it is untested or has a frame I Problem of order is central I Politics is not a process of fact finding but rather of conflict resolution I Distinguish choice of constitutional constraints Vs choice within a Buchanan cont I Focus on process rather than outcomes I Does he forget his own distinction between choice of constraints and choice within a constraint I Can he escape Arrow s Impossibility l He advocates right to secede People can t be morally required t2 remain i IUG eg Southern slave owners In I 1 Likeminded A s secede from community when some law is not liked I Create externality for B s I AampB are in same community I 1 Right to secede Equivalent to factor ownership by A I 2 Secession prohibited I 2 Reverse of above B s preferences count I and the slaves Buchanan s behavioral theory I Brain is unified behavior is same regardless of context I People are not a different species in the voting booth I How then getjudges who are not on the take I Cf Allais Elster on multiple self Period 28 Political Institutions Would we all agree behind the veil of ignorance I Can we avoid argument about outcomes Avoid power questions I Value liberty above all else I Whose Rules for Making Rules Which is best I Degree of unanimity I Decision cost Vs political externality I Boundary and national state local I Michigan legislature 23 vote to over ride local government I Type of ballot straight ticket I Agenda paradox I Bullet voting MASS BALLOTquot INDIANA BALLOT Place X here for O O PreSident Republican Democrat BUSh R President Gore D Bush Gore Debs SW Governor Governor Malt Cher Dog Catcher W0 R Wolf Schmo Schmo D Trotsky SW CONTROL OF AGENDA AFFECTS CONTENT OF WINNING COALITION C Y If agenda forces choice between X and Z Person A and C form coalition for X an X If agenda forces choice between 31 and z 0 Person A andB form coalition 02 Period 28 Political Institutions


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