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Rules concerning disclosure of information and accounting change behaviour but only be drawing attention to certain facts. In the area of environment, Health, epidemics, and other hazards for instance, there is evidence that informal enforcement has had significant effects. In fact, information does affect the behaviour of voters, there are strong reasons to believe that incumbents in the political process will try to suppress adversely affecting information and highlight the others. We have seen earlier that externalities or free rider problems play an important role in determining the effectiveness of interest groups. Deep interventions need to be distinguished from shallow interventions while considering the path dependence of outcome in formatting a policy. Information lies at the heart of belief in agents and expectations formed or deformed are the playmate of information. This becomes more effective when political process is taken into consideration if process as we have seen above.
According to estimates by Goolsbee and Petrin (2004), the elasticity of demand for basic cable service is ?0.51, and the elasticity of demand for direct broadcast satellites is ?7.
Health Economics - derivation of the contract curve: 01. Consider the Edgeworth box with the production of consumption goods B and health- investment goods I. (a) Briefly expl
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WHAT ARE THE PRINCIPLES OF MULTI-UNIT FINANCE?
Why and how the State should intervene through government apparatusin the economic sphere of the country, has been a significant discourse in economicsfor long. According to one th
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
summarize the basic tents of the argumentsin this case
Theory of optimal tax system is relevant for tax policy issue
Explain the stages and various coordination mechanisms involved in policy processes. Discuss various factors that influenced the agenda setting in policy processes.
Consider a case, if an insurance company merges with a bank. We know that insurance company bears risk for insurers. Suppose, after merger, bank gets in some trouble for reasons ot
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