Cookies?
Library Header Image
LSE Research Online LSE Library Services

Analyzing the case for government intervention in a representative democracy

Besley, Timothy and Coate, Stephen (1997) Analyzing the case for government intervention in a representative democracy. Theoretical Economics; TE/1997/335, TE/07/335. Suntory and Toyota International Centres for Economics and Related Disciplines, London School of Economics and Political Science, London, UK.

[img]
Preview
PDF
Download (1MB) | Preview
Identification Number: TE/07/335

Abstract

The welfare economic method for analyzing the case for government intervention is often critized for ignoring the political determination of policies. The standard method of accounting for this critique studies the case for intervention under the constraint that the level of the instrument in question will be politically determined. We critize this method for its implicit assumption that new interventions will not affect the level of existing policy instruments. We argue that this assumption is particularly misleading in suggesting that political economy concerns must dampen the case for intervention.

Item Type: Monograph (Discussion Paper)
Official URL: http://sticerd.lse.ac.uk
Additional Information: © 1997 by the authors
Subjects: J Political Science > JC Political theory
H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Departments > Economics
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Date Deposited: 27 Apr 2007
Last Modified: 01 Oct 2010 08:46
URI: http://eprints.lse.ac.uk/id/eprint/2113

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics