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Research Essay on Rational Choice Theory

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Question: What are the key elements of rational choice theory? Research essay for SRAP1001

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Research Essay on Rational Choice Theory
Topics this document covers:
Public economics Structure Public sphere Political science New public management Public administration Framing Aid Public choice E-democracy Economic model Governance
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Topics this document covers:
Public economics Structure Public sphere Political science New public management Public administration Framing Aid Public choice E-democracy Economic model Governance
Sample Text:
9, no. 5, pp. 127-145. The Source is explicit in stating that RCT’s practical legitimacy is supported by people maximising individual motives at the least cost, in normative settings and through tactics and bargaining, irrespective of intentions to “minimise hierarchy and maximise democracy”, by making sense of ‘institutional’ settings such as voting rules, agenda-setting rules and incentive systems. Though the Source does not elaborate on this, detracting a holistic account of RCT, it follows by a graphic ‘matrix’ that illustrates that each party can only gain if the other gains, rather than bargain until a zero payoff. This underpins the rationale of difficulty in policy-making that bears both mutual and conflict of interest across all levels ...
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