Prof.
Bryan Caplan
bcaplan@gmu.edu
http://www.bcaplan.com
Econ
854
HW
#3 (please
type; answers should be 2 pages, double-spaced)
Answer any THREE
questions!
1. Select a theoretical paper
on some sort of "political failure."
Pretending you are Donald Wittman, critique the paper's thesis. What are the objectionable assumptions that
drive the results?
2. Expressive voting and
rational irrationality seem to predict that local governments will be more
efficient than state governments, which will in turn will be more efficient
than federal governments. Are these
predictions true? Carefully explain your
answer. Is there any reason why we
should expect this relative ranking to be empirically small?
3. What standard stories of
political failure are hardest for Caplan's rational irrationality model
to explain?
4. Find an issue from Althaus
where you disagree with the
“Enlightened” view. Does this make you
less confident in your position? How
would you try to persuade the “Enlightened” to see things your way?
5. Pick your favorite
behavioral political economy model discussed in class, and persuasively apply
it to a novel situation.
6. Pick a widely-discussed government
“agency problem.” Carefully argue that
it is ultimately caused by principal negligence.