Government Failure Flashcards
1
Q
Political Self-Interest
A
Making policy decisions which benefit particular area in a marginal constituency
2
Q
Policy Short-Sightedness
A
Quick-fix, short-term decisiins which economic problems in favour of something which people will see and respond to
3
Q
Regulatory Capture
A
As previously discussed
4
Q
Possible Causes of government failure:
A
Disincentive effect
Evasion
Imperfect information
The law of unintended consequences
