Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/4372 
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dc.contributor.authorPelikan, Pavelen
dc.date.accessioned2009-01-29T14:12:01Z-
dc.date.available2009-01-29T14:12:01Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aAlbert-Ludwigs-Universität Freiburg, Institut für Allgemeine Wirtschaftsforschung, Abteilung für Wirtschaftspolitik |cFreiburg i. Br.en
dc.relation.ispartofseries|aFreiburger Diskussionspapiere zur Ordnungsökonomik |x07/2en
dc.subject.jelP51en
dc.subject.jelH10en
dc.subject.jelD60en
dc.subject.ddc330en
dc.subject.keywordunequally bounded rationalityen
dc.subject.keywordinstitutionsen
dc.subject.keywordvotingen
dc.subject.keywordpolitics-as-selectionen
dc.subject.keywordgovernment policiesen
dc.subject.stwPublic Choice , Beschränkte Rationalität , Theorieen
dc.titlePublic Choice with Unequally Rational Individuals-
dc.typeWorking Paperen
dc.identifier.ppn534404324en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:aluord:072en

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