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Analyzing Policy.
- Format:
- Book
- Author/Creator:
- Munger, Michael C.
- Language:
- English
- Subjects (All):
- Political Science.
- Local Subjects:
- Political Science.
- Contents:
- 1. Policy Analysis as a Profession and a Process: An Overview 3
- The Process of Policy Analysis 6
- Policy Analysis as Part of a Broader Profession: Expert Advice on Policy 22
- Looking Ahead 23
- 2. Deciding How to Decide: "Experts," "The People," and "The Market" 30
- The State of Nature: No Policies 35
- Public Decisions Versus Collective Decisions 47
- 3. A Benchmark for Performance: The Market 54
- Overview of Markets 54
- Opportunity Costs and Scarcity 58
- How Do Markets Work? 62
- Looking Inside Market Processes 69
- Case 1 A Prison Camp Economy
- 4. "Evaluation and Market Failure": Criteria for Intervention 101
- Tools for Evaluating Policy 101
- The Rationale for Government Intervention: The Market Failures Perspective 113
- 5. Experts and "Advocacy": The Limits of Policy Analysis 134
- Is Policy Analysis "Value Neutral"? 135
- Alternatives to the Value-Neutral Focus on Market Efficiency 136
- What Is the "Best" Alternative? 153
- 6. Democratic Decisions and "Government Failure": The Limits of Choice by the People 162
- The General Problem of Decision 163
- Institutions: The Choice of a Decision Rule 171
- Alternative Decision Rules 178
- Case 2 A Place of One's Own
- 7. The Welfare Economics Paradigm 200
- The Representation of Preferences 202
- Individual Demand and Consumer Surplus 208
- Market Demand 215
- Cost, Marginal Cost, and Prices 217
- Market Supply and Equilibrium 222
- Public Goods and Externalities 224
- 8. Choice of Regulatory Form: Efficiency, Equity, or Politics 238
- Markets versus Experts 240
- Markets versus Politics 246
- Experts versus Politics 261
- Case 3 Social Security Crisis?
- 9. Discounting I: Expected Values, Probability, and Risk 280
- Risk Discounting Using Probability 281
- Basic Concepts of Probability 286
- The Logic and Language of Probability 295
- General Rules of Probability 298
- Risk Aversion 307
- Decision Analysis 309
- 10. Discounting II: Time 322
- Interest and the Rental Price of Money 324
- Discount Rates: Getting Back from the Future 328
- Net Present Value: Combining Future Costs and Benefits 335
- The Internal Rate of Return and the "Public" Discount Rate 337
- 11. Cost-Benefit Analysis 352
- Assumption I Cost and Benefits Can Be Measured, and Added Up, in Dollars 353
- Assumption II Risks of Failure and Chances of Success Can Be Captured through Probability Discounting 363
- Assumption III Future and Present Values Can Be Measured Using Time Discounting 364
- Cost-Benefit Analysis in Action 364
- Review of the Policy Analysis Approach 384
- Ideology as a Template for Policy Decision 385
- Priming, Framing, and Attention: The Psychological Model 391.
- ISBN:
- 9780393973990
- 0393973999
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