Bureaucrats and Bureaus
Bureaucrats and Bureaus Once a governmental unit has decided how much of a public good to produce and how to pay for it, the legislature and the executive branch (president, governor, mayor) usually turn the job of supplying the good…
Logrolling
Logrolling When many issues are before a legislative body at the same time, the outcome most preferred by voters on some issues may not result. This failure is due to politicians trading favors, sometimes referred to as “logrolling.” Logrolling is…
Analysis of the Political Market
14.3 Analysis of the Political Market According to the self-interest theory of government, the size of government increases due to rent-seeking activity and brokering activity by politicians. There are also other forces at work to influence the type of governmental programs…
Legislation and Rent Seeking
Legislation and Rent Seeking Tullock’s concept of rent seeking helps explain government action as a form of self-interested behavior by politicians and voters. Many actions of people in government can be explained by this analysis. In fact, it might be…
The Cost of Rent Seeking
The Cost of Rent Seeking Gordon Tullock (1967), in attempting to measure the costs of rent seeking, was the first to develop the concept. As you learned in Chapter 10, the deadweight loss of monopoly results from the firm producing…
Economic rent
Rent Seeking Economic rent is the economic return over opportunity cost. Rent seeking is the commitment of scarce resources to capture returns created artificially. For example, imagine that Iowa farmers want to receive higher prices for their corn. A political…
14CH-MICROECONOMICS-AMACHER
Section 14.1 Introduction Imagine for a moment that you are the chief administrator of a small public transport system that has just received approval from its board of directors for a significant enlargement of its mission. The difficulty you face…
E-Book
E-Book Holbeche, L. (2018). The agile organization: How to build an engaged, innovative and resilient business (2nd ed.). Kogan Page Limited. Ch 7 Ch 10 Ch 11 Ch 13 TO ACCESS THE ANSWERS,KINDLY CONTACT OUR SUPPORT TEAM THE PRICE IS…
LESSON 15 ESSAY
1. Name a tributary of the Rhine river that can be seen on the map below. What natural resources were mined along the Rhine? What resources were processed along the Rhine? Be sure to use the key from the map attached to…
LESSON 16 ESSAY
Research If you were going to build a brand new city today, where would you want to put it? Why? Remember, you want to have a city with a functioning economy, reasonable weather, and relatively easy access to building materials (are…