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Q. Importance of heterogeneity?
The importance of heterogeneity for public policy process can be summarized in two propositions.
- Heterogeneity or conflict of interests is necessary for existence of political constraints.
- The public policy process is concerned with the mechanism by which those conflicts are resolved.
How has public policy helped to shape the way that urban Americans have spent their leisure time throughout the period that we have examined in class? Have such policies hindered a
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The meaning of a market economy is in which the decision and production are prepared. The consumption of goods services are based on voluntary swap in markets.
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Q. Show the Redistribution Policy? We know that despite policy interventions the disparity of income has been increasing in nearly all the countries. United States is highly un
A change in the legal statute may be able to force an equilibrium if it leads to a new equilibrium which implies some revised belief which sustains the equilibrium. Tirole (1996)
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