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Only limited progress has been made in modeling of dynamic process of institutional change, therefore, limiting the concerned policy options. It has been identified that innovation, honesty, investment, labour training and saving can lead to externalities mediated by
- change in beliefs information
- effects on technology of the individual agents
- changes in the set of markets that exists
- changes in the size of markets and
- changes in search costs
There externalities affect the rewards to activities and can lead to existence or multiple equilibria - each with different reward structure. In fact, with a view to policy decision, analyzing problems relating to markets, market models are more relevant than usual game theoretic analysis.
Quantitative policy process depends on a portfolio of tools that have been drawn from a variety of disciplines besides discretionary political decision. Over the past two decades
Explain the stages and various coordination mechanisms involved in policy processes. Discuss various factors that influenced the agenda setting in policy processes.
In terms of the debate in the media on state owned enterprises ,explain the decreasing cost case and the possibility of privatisation of SOEs such as Eskom and SAA
Only limited progress has been made in modeling of dynamic process of institutional change, therefore, limiting the concerned policy options. It has been identified that innovatio
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.thoery of cost.
NIGERIA IS A COUNTRY WITH DUTCH DISEASE DISCUSS
Define patronage policy
‘…Policies that promote residential mobility and increase the knowledge of the consumer-voter will improve the allocation of government expenditures in the same sense that mobility
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