#publicchoice — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #publicchoice, aggregated by home.social.
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In the paper linked earlier*, the EQ-DAPHNIE team uses the concept of "option value" as a key justification for their project.
Definition: "...it provides a valuable stand-by service, so that its value cannot be measured by the number of its users or the fees collectable from them alone"
Weisbrod, 1964, p. 474
https://www.jstor.org/stable/1879478?seq=1Feels like a reminder of something in the current HEI climate...
#PublicGoods #CollectiveGoods #PublicChoice #AcademicChatter
* https://mastodon.social/deck/@jrboehnke/114574706775225195
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"... the usual separation between markets and politics, where markets are probably going to perform better than democracy in deciding how to allocate resources, was not only conceded by the Cambridge Welfare Economists: they anticipated Public Choice arguments by 60 or 70 years. They just had a different solution."
#MichaelMunger, 2024
https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/
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Listening to the #librarypunk episode with Cory Doctorow. It's amazing for all the expected reasons, of course. But one thing that touched me deep in my soul was Cory talking with the hosts about why leftists should care about rent seeking and theories of it. I have, for a long time, staked my career on linking #publicchoice and #criticaltheory // #antioppressivepractice. It was so heartening to see Cory engaging in praxis that links oppression and regulatory capture.
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I'm thinking about writing a popular piece on voting theory, with the hook of "voting gone wrong".
Borda count voting is much-discussed in textbooks but rare in practice. Does anyone know a real-world example of Borda voting going wrong because of strategic voting behavior?
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“Policymaking in D.C. tends to favor the established folks with entrenched lobbyists. Such a situation can be unfavorable to the cell-based businesses looking to influence the rules that, depending on how they’re crafted, could spell doom or bloom for the cultivated-meat industry.”
Inside the Battle Between Big Ag and #LabGrownMeat by Andrew Zaleski
https://newrepublic.com/article/171709/inside-battle-big-ag-lab-grown-meat
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Different Voting Methods Produce Different—and More Accurate—Results
https://www.promarket.org/2023/04/21/different-voting-methods-produce-different-and-more-accurate-results/
…different #votingMethods can lead to different election outcomes, with approval and score voting being more successful in capturing voter preferences than ranked-#choice and plurality voting
#democracy
#PublicChoice -
Behavioral #PublicChoice and #Policing in America
A new paper in Behavioural Public Policy by #Mercatus’s Liya Palagashvili & #NYU’s Nathan P. Goodman
https://bit.ly/3yE3xe9
#econ #law #police #publicpolicy #polycentricity