PLSC 27001 Lecture Notes - Lecture 8: Disposable And Discretionary Income
8 Nov 2016
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5a (lecture) public goods theory of nation size: quizzes are graded. If you want yours either go to office hours or email in for the grade. Otherwise, they may get passed back next week: we"re (cid:373)o(cid:448)i(cid:374)g i(cid:374)to the se(cid:272)o(cid:374)d part of the (cid:272)ourse. The first (cid:449)as conceptual (how have people thought about world government). Assume there is some person or entity with the capacity to decide the number and size of countries in the world: fixed population. There is a certain number of existing people in the world. The people are not set by the social planner, but are distributed randomly (no clumping): public good. The state provides a public good whose cost is fixed: preferences. The population has fixed (but individual) preferences about the public good: taxes. Infinite nations: however, the more nations there are, the fewer people there are contributing money there are contributing to the cost of the public good, so individual costs/taxes rise.
