Model Of Publıc Choıce And Polıtıcal Rent
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Abstract
It can be assumed that the scop e of agricultural policy and connected with it financial streams are not accidental. Selection of a particular policy defines a mechanism in which the benefits and costs are combined. Such an effort of describing and explaining the mechanism was presented in the paper. It is necessary to see not only the income effects of agricultural policy, but also the cost of their induction. Of course, such a mechanism of policy choice has a theoretical background in a sense that it allows bringing out the essence of the actual process of creating the policy. We use the concept of public choice model.
Issues of including political (or administrative) interest in defining and shaping the policy are incorporated in the models of public choice. Based on M ueller, the public choice can be described as “economic research of non-market decisions making” or just “use of economics in political science”. The authors assumed the rationality of decision makers and their goal to maximize their own utility [M ueller 1989]. This approach is often used to analyze agriculture and changes occurring within this area. The analysis presented in the paper are some reference to one of the trends of political economy, according to which the emphasis is on the voters’ behavior [see M artin 1990, p. 189-211, Patterson 1997, p. 135-165; Elliott and Heath 2000, p 42-48].
Keywords: public choice, political rent, agricultural policy, political-economic analysis
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