EconStor >
Albert-Ludwigs-Universität Freiburg im Breisgau >
Institut für Allgemeine Wirtschaftsforschung, Abteilung für Wirtschaftspolitik und Ordnungstheorie, Universität Freiburg >
Freiburger Diskussionspapiere zur Ordnungsökonomik, Universität Freiburg >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/4372
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorPelikan, Pavelen_US
dc.date.accessioned2009-01-29T14:12:01Z-
dc.date.available2009-01-29T14:12:01Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/4372-
dc.description.abstractAs governments lack the rationality-promoting selective pressures of market competition, the standard (unbounded) rationality assumption is less legitimate in Public Choice than in analysis of markets. This paper argues that many Public Choice problems require recognizing that human rationality has bounds, that these differ across individuals, and that rationality must therefore be treated as a special scarce resource, tied to individuals and used for deciding on its own uses. This complicates resource-allocation in society, which has to rely on institutionally shaped selection processes. But this also appears to be the only way to produce the long-missing analytical support to the first head of J.S. Mill's criticism of government, of which Public Choice has so far supported only the second.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesFreiburg discussion papers on constitutional economics 07/2en_US
dc.subject.jelP51en_US
dc.subject.jelH10en_US
dc.subject.jelD60en_US
dc.subject.ddc330en_US
dc.subject.keywordunequally bounded rationalityen_US
dc.subject.keywordinstitutionsen_US
dc.subject.keywordvotingen_US
dc.subject.keywordpolitics-as-selectionen_US
dc.subject.keywordgovernment policiesen_US
dc.subject.stwPublic Choice , Beschränkte Rationalität , Theorieen_US
dc.titlePublic Choice with Unequally Rational Individualsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn534404324en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:aluord:072-
Appears in Collections:Freiburger Diskussionspapiere zur Ordnungsökonomik, Universität Freiburg

Files in This Item:
File Description SizeFormat
07_2bw.pdf389.73 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.