POLI 441 Lecture Notes - Lecture 12: Observational Equivalence, High Standard Manufacturing Company, Clove
30 Jan 2018
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Course matter for the midterm till the end of today"s class. Google searches: findings: mmr: institutions provide a solution to an economic problem. Back to the supply side: we can also differentiate within democracies by "access points" - defined as individuals or governmental bodies through which the demand side can access policy/make their demands. What"s the effect on trade policy outcomes: the more access points the easier it is to lobby. If you only have 1 access point, you"re competing with everyone else to aggregate preferences through them. More access points are going to advantage one side of the debate more than the other - the losing side, bc they"re better are mobilizing. We suspect more access points, the more protectionism. Median voters are more informed about simple things vs complicated things. Likely to be less protectionist on some trade measures, but more protectionist on others - informational incentives. Optimal obfuscation: what"s optimal is some level of non-transparency (obfuscation).
