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Q. What do you understand by Policy Process?
Begin from theoretical frame work of policy making and proceed breaking various assumptions and introducing heterogeneity of agents under a various, to show that policy process is an interactive dynamic adaptive process rather than a one time, once for all solution.
Introduce uncertainties in attainments of policy outcomes, winning of elections, optimistic and pessimistic expectations of agents and relate it to various adjustments and converge
Requisite Modifications to National Income Accounts Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetE
how wage increase of fixed income groups'' will affect the overall economy? what are effects exactly?
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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)
In the context of hospital care, explain and distinguish between occupancy rate, capacity, and utilization.
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Suppose that economic outcomes can be classified as either good or bad. Governments differ in ability and this affects the likelihood of good outcomes. There are two types of gover
privatization can always decentralise economic power. critically discuss
Q. Importance of heterogeneity? The importance of heterogeneity for public policy process can be summarized in two propositions. - Heterogeneity or conflict of interests is
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