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Statements

Subject Item
n2:RIV%2F00216224%3A14560%2F12%3A00060650%21RIV13-MSM-14560___
rdf:type
n8:Vysledek skos:Concept
dcterms:description
The paper show possibilities of introducing modern methods into public economy and finance teaching. We present in-class experiment which illustrates one of typical model from political economy - the median voter theorem. Students are endowed with cards that represent their preferences on different levels of the public good production. They compare benefit they can get from different levels of public good (these levels represent three candidates) and then they vote for the most preferred level. This process continues for several rounds, with a new election taking place with a different sample of students. The in-class experiment demonstrates that the simplicity of the median voter theorem, when there are more than two candidates, provides only an imprecise prediction of the collective choice. The methodology of the experiment is enriched by the statistical analysis of experimental results from experiment cartied out by the authors in Czech Republic and Slovakia. The paper show possibilities of introducing modern methods into public economy and finance teaching. We present in-class experiment which illustrates one of typical model from political economy - the median voter theorem. Students are endowed with cards that represent their preferences on different levels of the public good production. They compare benefit they can get from different levels of public good (these levels represent three candidates) and then they vote for the most preferred level. This process continues for several rounds, with a new election taking place with a different sample of students. The in-class experiment demonstrates that the simplicity of the median voter theorem, when there are more than two candidates, provides only an imprecise prediction of the collective choice. The methodology of the experiment is enriched by the statistical analysis of experimental results from experiment cartied out by the authors in Czech Republic and Slovakia.
dcterms:title
A simple in-class experiment on the efficient production of the pure public good touching the median voter theorem A simple in-class experiment on the efficient production of the pure public good touching the median voter theorem
skos:prefLabel
A simple in-class experiment on the efficient production of the pure public good touching the median voter theorem A simple in-class experiment on the efficient production of the pure public good touching the median voter theorem
skos:notation
RIV/00216224:14560/12:00060650!RIV13-MSM-14560___
n8:predkladatel
n11:orjk%3A14560
n3:aktivita
n17:S
n3:aktivity
S
n3:cisloPeriodika
4
n3:dodaniDat
n9:2013
n3:domaciTvurceVysledku
Raguseo, Domenico n18:6124623
n3:druhVysledku
n16:J
n3:duvernostUdaju
n7:S
n3:entitaPredkladatele
n14:predkladatel
n3:idSjednocenehoVysledku
120607
n3:idVysledku
RIV/00216224:14560/12:00060650
n3:jazykVysledku
n13:eng
n3:klicovaSlova
Efficiency; Experiment; Free rider; Game; Median voter; Public choice; Public good
n3:klicoveSlovo
n12:Efficiency n12:Game n12:Public%20choice n12:Public%20good n12:Experiment n12:Median%20voter n12:Free%20rider
n3:kodStatuVydavatele
CZ - Česká republika
n3:kontrolniKodProRIV
[9743701BF66E]
n3:nazevZdroje
Acta universitatis agriculturae et silviculturae Mendelianae Brunensis
n3:obor
n4:AH
n3:pocetDomacichTvurcuVysledku
2
n3:pocetTvurcuVysledku
3
n3:rokUplatneniVysledku
n9:2012
n3:svazekPeriodika
60
n3:tvurceVysledku
Klus, Martin Špalek, Jiří Raguseo, Domenico
s:issn
1211-8516
s:numberOfPages
8
n5:organizacniJednotka
14560