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
Place Order