POLS 111 Quiz 1 - Delegation and Collective Action
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51 Terms
Politics
Sovereign
Bureaucracy
Bicameral
Moral hazard
Adverse selection
Trustee representation
Delegate representation
Asymmetric info
Political institution
contract
State of nature
Credible commitment
Auxiliary precautions
Collective action
Faction
Checks and balances
Judiciary
Federalism
Central challenge of constructing order
Reservation utility
Elections
principal agent relationship bw citizens and elected officials
Agent can correct principal
delegate
acts strictly on the expressed wishes of their constituents, regardless of their own opinion
trustee
acts on their own best judgment for the public good, even if it conflicts with constituent wishes
central challenge of constructing order
principal
agent
political community
constitutive stories
economic stories
political power stories
stories of peoplehood
public good
non-rival
non-excludable
free-riding
common good
cl
club good
p
private good
p
prisoners’ dilemma
p
privileged group
s
selective incentive
co
coordination problem
collective action problem
focal point
social equilimbrium/convention/norm
representatives as trustees
representatives as delegates
e
difference bw collective action in small vs large groups
relationship between citizens and elected officials
special case of principal-agent relationship,
Note 
Flashcards (20)