PAP3902 Lecture Notes - Lecture 2: Epicenter, Asteroid Family, Productive Efficiency
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What is (cid:862)good reg: everyone has a different notion of what good reg is. Particularly in the last 20 means there has been debate about what it means and constitutes. Also depends on who you talk to, diff interpretations: history also biases us to what good reg is, really comes down to personal experiences ex. Beyond belief how they got out of it unharmed. It allowed thm to tumble freely in the air and shelter him: these experiences color your view. Can be based on cognitive (cid:271)iases o(cid:396) (cid:395)ua(cid:374)titati(cid:448)e/(cid:395)ualitati(cid:448)e (cid:373)easu(cid:396)es. Te(cid:373)ptatio(cid:374) is to li(cid:374)k it to s(cid:272)ie(cid:374)(cid:272)e a(cid:374)d effi(cid:272)ie(cid:374)(cid:272)(cid:455) (cid:271)ut this of course makes it impossible to link to social implications: as public policy analysts, we need something that speaks to public interests and democratic institutions. It"s good (cid:271)e(cid:272)ause p(cid:396)esu(cid:373)a(cid:271)l(cid:455) it"s (cid:271)ee(cid:374) autho(cid:396)ized (cid:271)(cid:455) pa(cid:396)liament which is the epicentre of democratic authority. I. e. in a dictatorship, when you impose a rule like restaurants are not allowed to operate beyond.