POLS 1101 Lecture Notes - Lecture 6: Status Quo Bias, Collective Action, Plurality Voting System

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Institutions: set of rules proscribing a process for reaching and enforcing collective agreements, help ensure agreements are not reneged on and decisions are reached fairly. Institutional design is the product of politics: whe(cid:374) people do(cid:374)"t u(cid:374)de(cid:396)sta(cid:374)d ho(cid:449) i(cid:374)stitutio(cid:374)s ope(cid:396)ate a(cid:374)d (cid:449)h(cid:455) the(cid:455) a(cid:396)e desig(cid:374)ed, the(cid:455) a(cid:396)e likely to conclude that the product is not fair. Constitutions and governments: organizations are governed by rules and procedures for making and enforcing agreements. Constitutions and governments: authority: the acknowledged right to make a particular decision, power: the actual influence with other officeholders. Institutional durability: authority is generally assigned to the institution so it lasts past the office holder. If a poli(cid:272)(cid:455) is(cid:374)"t (cid:396)esol(cid:448)ed it (cid:373)a(cid:455) (cid:396)e(cid:448)e(cid:396)t (cid:271)a(cid:272)k to the originally problematic situation. Intrinsically rewarding even if contribution is minor: most people are inclined to free-ride, voting, solution for the problem, private inducements to perform those actions to the collective effort requires if it is to succeed, ex.

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