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The Importance of Political Markets in Formulating Economic Policy Recommendations

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  • Bazelon, Coleman

Abstract

The impact of incomplete modeling, both economic and political, are - examined. It is shown that neglecting the political market in which policies are adopted can lead to larger errors than ignoring the connections between policies that are interrelated.

Suggested Citation

  • Bazelon, Coleman, 1991. "The Importance of Political Markets in Formulating Economic Policy Recommendations," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271217, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271217
    DOI: 10.22004/ag.econ.271217
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    References listed on IDEAS

    as
    1. Gordon C. Rausser & William E. Foster, 1990. "Political Preference Functions and Public Policy Reform," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(3), pages 641-652.
    2. Aaron, Henry J, 1989. "Politics and the Professors Revisited," American Economic Review, American Economic Association, vol. 79(2), pages 1-15, May.
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