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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 does it work? how is its basic structure?
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What are the properties and limitations of GDP as a social welfare function?
The other type is called ex-post heterogeneity which refer to the conflict (of interests) arising due to distributional implications of the public policy. Thus when a public polic
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what is multinational? how can they help developing economies?
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