Ignorance and the incentive structure confronting policymakers

Arbeitspapier

The paper examines one of the considerations that determines the extent to which policymakers pursue the objectives demanded by constituents. The nature and extent of their ignorance serve to determine the incentives confronted by policymakers to pursue their constituents' demands. The paper also considers several other consequences of policymaker ignorance.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CHOPE Working Paper ; No. 2018-12

Classification and Topics

• Classification: Wirtschaft ; History of Economic Thought since 1925: Historical; Institutional; Evolutionary; Austrian; Stockholm School ; Current Heterodox Approaches: Austrian ; Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior ; Positive Analysis of Policy Formulation and Implementation ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness ; Policy Objectives; Policy Designs and Consistency; Policy Coordination
• Subject: political epistemology ; policymaker ignorance ; government failure ; public choice ; David Hume

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Scheall, Scott
• Event: Veröffentlichung
• (who): Duke University, Center for the History of Political Economy (CHOPE)
• (where): Durham, NC
• (when): 2018

Further information

• Handle: http://hdl.handle.net/10419/182494
• Last update: 10.03.2025, 11:44 AM CET