POLSCI 111 Study Guide - Midterm Guide: Supremacy Clause, Equal Protection Clause, The Federalist Papers
26 Oct 2016
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Collective action problem: people are better off free-riding w/o contributing to production. Prisoner"s dilemma: interaction between 2 actors where neither has an incentive to cooperate, even though both would be better off if they both cooperated. What is good for the group of 2 is difficult to achieve because of individual temptations. Each member wants single outcome, even though more than 1 is possible. Ex. party selects candidate to beat rival. Agenda-setter: authority that controls what options are decided on by a group. Institution: determines how policies/laws are made and enforced. Principal-agent problem: one actor (principal) contracts another (agent) to act on principal"s behalf but they may not share the same preferences, principal lacks means to observe all behavior. Direct conflict by at least 2 individuals. Principals hire others to work for them. Much of gvmt requires delegation to agents. Free riding: benefitting from a public good while avoiding costs of contributing to it.
