Science topic
Public Choice - Science topic
Public choice theory
Questions related to Public Choice
Basically how to use that theory to identify the problem?
eg. Agency theory, Stewardship Theory, and Public Choice Theory.
Advanced technology and huge economy is not enough for a society. Establishment of democratic values is also essential for sustainable growth of a society which is possible then only if governments carry out its duties efficiently. Poorly/non-educated public representatives are not able to understand societal and environmental needs. The representatives with huge wealth have tendency to preserve their wealth frameworks. Therefore I propose that there should be provisions to select efficient representatives with clauses on minimum education and maximum wealth.
You are requested to contribute your thoughts, knowledge and experience on this issue.
What do you think about the public choice theory? What type of definitions do you use?
Hello,
I am currently writing a master thesis on the 4th Anti-Money Laundering Directive which increases compliance costs to banks and other financial institutions. I would like to discuss the proper way to analyze this issue from the Public Choice theory perspective. I would be grateful if you could share any useful insights or literature!
It is well known that the majority rule may not be transitive for some configurations of individual preferences. Domain restrictions are possible ways out. But what is known about maximal such domains (i) with respect to the cardinality? (ii) via set inclusion?
Transparency in political decision-making is often proposed as a remedy to failures of the political agency. However, a small number of recent theoretical contributions (e.g. Prat 2005 or Fox 2007) discuss potential negative consequences of transparency in political decision-making on the quality of policy outcomes and representation of voter preferences, particularly when actions of politicians such as individual votes are recorded and made publicly available.
We (Stadelmann et al. 2014) try to identify the impact of transparency in political decision-making on the quality of political representation with a difference-in-difference strategy. The quality of political representation is measured by the observed divergence of parliamentary decisions from revealed voter preferences on identical issues. Full transparency of actions of individual politicians does not decrease divergence from voter preferences.
When can transparency of individual actions of politicians pose problems?
Can transparency alone have a significant effect on the quality of political representation or does it need to be complemented with other institutional reforms?
Cited references:
Fox, J. (2007), 'Government Transparency and Policymaking', Public Choice 131(1-2), 23-44.
Prat, A. (2005), 'The Wrong Kind of Transparency', American Economic Review 95(3), 862-877.
Stadelmann, D.; Portmann, M. & Eichenberger, R. (2014), 'Full Transparency of Politicians' Actions Does Not Increase the Quality of Political Representation', Journal of Experimental Political Science 1, 16-23.