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In: Routledge Handbook of Classical Liberalism, edited by Mario Rizzo, Richard Epstein, and Liya Palagashvili.
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In: Routledge Handbook of Philosophy, Politics, and Economics_, edited by Christopher Melenovsky, Forthcoming
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In: Realism, Ideology, and the Convulsions of Democracy edited by Marta Podemska-Mikluch, Mikayla Novak, and Richard E. Wagner
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In: Social philosophy & policy, Band 38, Heft 1, S. 170-197
ISSN: 1471-6437
AbstractThis essay explains how to use the calculus of consent framework to think more rigorously about self-governance, and applies this framework to the issue of evaluating federal regulatory agencies. Robust political economy is the idea that institutions should be designed to work well even under weak assumptions about decision-makers' knowledge and benevolence. I show how the calculus of consent can be used to analyze both incentives and knowledge problems. The calculus is simultaneously a theory of self-governance and a tool for robust political economy analysis. Applying this framework to the case of public administration leads to the conclusion that private goods (such as medicine) tend to be over-regulated, public goods tend to be under-regulated (such as enabling too much pollution), and regulatory agencies tend to be over-centralized (and should in most cases either be replaced with certification markets or moved to state level).
In: Public choice, Band 189, Heft 3-4, S. 607-612
ISSN: 1573-7101
In: Publius: the journal of federalism, Band 51, Heft 2, S. e16-e16
ISSN: 1747-7107
In: The Routledge handbook of Philosophy, Politics, and Economics, edited by Chris Melenovsky
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In: Elinor Ostrom and the Bloomington School: Building a New Approach to Policy and the Social Sciences (Agenda Publishing, 2021) edited by Jayme Lemke and Vlad Tarko
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In: European Journal of Law and Economics
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In: Social Philosophy & Policy, Forthcoming
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In: Ostrom's Tensions: Reexamining the Political Economy and Public Policy of Elinor C. Ostrom, edited by Roberta Q. Herzberg, Paul Dragos Aligica, and Peter J. Boettke. Mercatus Center at George Mason University, 2019
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