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Evolution,uncertainty, and the asymptotic efficiency of policy |
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| Authors: | Albrecht Brian C. Hendrickson Joshua R. Salter Alexander William |
| Affiliation: | 1.Coles College of Business, Kennesaw State University, Kennesaw, GA, USA ;2.International Center for Law and Economics, Portland, OR, USA ;3.University of Mississippi, University, MS, USA ;4.Rawls College of Business, Texas Tech University, Lubbock, TX, USA ; |
| Abstract: | Public Choice - Politics, like any social system, involves selection mechanisms. This paper presents a model of politics as an evolutionary process. Our model yields three main results. First, the... |
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