Mastodawn

Jan R. Boehnke May 28, 2025

In the paper linked earlier*, the EQ-DAPHNIE team uses the concept of "option value" as a key justification for their project.

Definition: "...it provides a valuable stand-by service, so that its value cannot be measured by the number of its users or the fees collectable from them alone"
Weisbrod, 1964, p. 474
https://www.jstor.org/stable/1879478?seq=1

Feels like a reminder of something in the current HEI climate...

#PublicGoods #CollectiveGoods #PublicChoice #AcademicChatter

* https://mastodon.social/deck/@jrboehnke/114574706775225195

Strypey Jul 3, 2024

"... the usual separation between markets and politics, where markets are probably going to perform better than democracy in deciding how to allocate resources, was not only conceded by the Cambridge Welfare Economists: they anticipated Public Choice arguments by 60 or 70 years. They just had a different solution."

#MichaelMunger, 2024

https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/

#podcasts #EconTalk #economics #MarketFailure #PublicChoice

Does Market Failure Justify Government Intervention? (with Michael Munger) - Econlib

Economics students are often taught that government should intervene when there is market failure. But what about government failure? Should we expect government intervention to outperform market outcomes? Listen as Duke University economist Michael Munger explores the history of how economists have thought about this dilemma and possible ways to find a third or even […]

Econlib

profmattdecarlo Nov 3, 2023

Listening to the #librarypunk episode with Cory Doctorow. It's amazing for all the expected reasons, of course. But one thing that touched me deep in my soul was Cory talking with the hosts about why leftists should care about rent seeking and theories of it. I have, for a long time, staked my career on linking #publicchoice and #criticaltheory // #antioppressivepractice. It was so heartening to see Cory engaging in praxis that links oppression and regulatory capture.

Carl T. Bergstrom Jun 7, 2023

I'm thinking about writing a popular piece on voting theory, with the hook of "voting gone wrong".

Borda count voting is much-discussed in textbooks but rare in practice. Does anyone know a real-world example of Borda voting going wrong because of strategic voting behavior?

#votingtheory #voting #publicchoice

Christopher Hudson Apr 28, 2023

“Policymaking in D.C. tends to favor the established folks with entrenched lobbyists. Such a situation can be unfavorable to the cell-based businesses looking to influence the rules that, depending on how they’re crafted, could spell doom or bloom for the cultivated-meat industry.”

Inside the Battle Between Big Ag and #LabGrownMeat by Andrew Zaleski

https://newrepublic.com/article/171709/inside-battle-big-ag-lab-grown-meat

#vegan #food #publicchoice #rentseeking

Inside the Battle Between Big Ag and Lab-Grown Meat

Industry giants and cellular-meat upstarts are in a lobbying war over consumer labeling.

The New Republic

Dennis Alexis Valin Dittrich Apr 21, 2023

Different Voting Methods Produce Different—and More Accurate—Results
https://www.promarket.org/2023/04/21/different-voting-methods-produce-different-and-more-accurate-results/
…different #votingMethods can lead to different election outcomes, with approval and score voting being more successful in capturing voter preferences than ranked-#choice and plurality voting
#democracy
#PublicChoice

Different Voting Methods Produce Different—and More Accurate—Results - ProMarket

There is a significant ongoing debate in the United States on the merits of plurality voting (how most American elections are conducted) and how alternatives may produce more representative results. In new research, academics from The Center for Election Science, the Paris School of Economics, and the University of Strasbourg use the 2016 U.S. presidential […]

ProMarket

Christopher Hudson Mar 14, 2023

Behavioral #PublicChoice and #Policing in America

A new paper in Behavioural Public Policy by #Mercatus’s Liya Palagashvili & #NYU’s Nathan P. Goodman

https://bit.ly/3yE3xe9
#econ #law #police #publicpolicy #polycentricity