Price Discrimination There are two types of consumers with inverse demands P1= 202Q1 and P2= 162Q2. Assume for now that N1=N2 = 1. There is a…
September 3, 2020
Please solve, so I can verify or troubleshoot problem. (a) For what values of x does this game have a unique Nash equilibrium? What is that
September 3, 2020

Prior to beginning work on this discussion, read Tim Worstall’s article, One Benefit of Nancy MacLean’s Democracy in Chains – Public Choice and Rent Seeking Popularised

(Links to an external site.)

Links to an external site.

.

Based on the article’s information and Chapter 14 in your textbook, especially Sections 14.1 and 14.2, respond to the following:

  • What is the public choice idea or theory?
  • Explain what rent seeking is.
  • How can you combine the ideas of public choice and rent seeking?
  • Choose one real-world example of combining public choice and rent seeking to evaluate
KM
Place Order