Sample interview questions: How would you approach analyzing the impact of public policies using public choice theory?
Sample answer:
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Clearly define the public policy in question: It’s important to understand the specific policy you’re analyzing, its objectives, and the mechanisms through which it operates.
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Identify the relevant stakeholders: Determine the groups or individuals who are affected by the policy. This could include citizens, businesses, interest groups, and government agencies.
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Analyze the policy’s incentives and constraints: Public choice theory assumes that individuals and groups act in their own self-interest. Consider how the policy affects the incentives of different stakeholders and how these incentives influence their behavior. Identify any constraints or limitations that may affect the policy’s implementation or effectiveness.
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Predict the policy’s likely outcomes: Based on your understanding of the policy’s incentives and constraints, predict how the policy will likely impact different stakeholders and the overall economy. This could involve evaluating the policy’s effects on economic efficiency, equity, and politica… Read full answer
Source: https://hireabo.com/job/7_4_44/Public%20Choice%20Theorist