Tag: Political Economy
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PE: Redistribution
The focus of today’s lecture will be on redistribution as discussed in Chapter 3(Mueller, 2003). Additionally, we will discuss papers quantitatively assessing the situation (De Haan & Sturm , 2017; Sturm & de Haan, 2015). A justification for the state can be redistribution. But redistribution itself can be argued for based on different reasons. In…
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PE: Public Good Game
Public Good Game Each subject secretly chooses how much of their initial endowment to put into a public pot. The joint value in this pot is multiplied by a factor ([latex] 1 < factor < N [/latex]) and evenly paid out across all [latex]N[/latex] subjects. All unspent endowments is kept by the respective subject. In…
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PE: Institutions and Economic principles
The main reference for today will be Mueller’s Public Choice III Chapter 1 and 2 (Mueller, 2003)as well as Acemoglu’s Political Economy Lecture Notes Chapter 1 (Acemoglu, 2009). Additional readings are Acemoglu’s Chapter 2 and work by Ostrom (Ostrom, 1998) and Schnellenbach (Schnellenbach & Schubert, 2015). Political Economy joins the fields of Political Science and Economics.…