Ignorance and the Incentive Structure Confronting Policymakers

The Center for the History of Political Economy Working Paper Series at Duke University

ASU Center for the Study of Economic Liberty Research Paper No. 18-4

21 Pages Posted: 12 Sep 2018

See all articles by Scott Scheall

Scott Scheall

Arizona State University, College of Integrative Sciences and Arts, Faculty of Social Science; Arizona State University (ASU) - Center for the Study of Economic Liberty

Date Written: August 21, 2018

Abstract

The paper examines one of the considerations that determines the extent to which policymakers pursue the objectives demanded by constituents. The nature and extent of their ignorance serve to determine the incentives confronted by policymakers to pursue their constituents' demands. The paper also considers several other consequences of policymaker ignorance.

Keywords: political epistemology; policymaker ignorance; government failure; public choice; David Hume

JEL Classification: B25, B53, D72, D78, D83, E61

Suggested Citation

Scheall, Scott, Ignorance and the Incentive Structure Confronting Policymakers (August 21, 2018). The Center for the History of Political Economy Working Paper Series at Duke University; ASU Center for the Study of Economic Liberty Research Paper No. 18-4. Available at SSRN: https://ssrn.com/abstract=3240070 or http://dx.doi.org/10.2139/ssrn.3240070

Scott Scheall (Contact Author)

Arizona State University, College of Integrative Sciences and Arts, Faculty of Social Science ( email )

7001 E. Williams Field Rd.
Mesa, AZ 85212
United States

Arizona State University (ASU) - Center for the Study of Economic Liberty

United States

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