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Reviews recent theoretical advances in the field of political economy. Is politics mainly about conflicting interests
or about information? Positive and normative analysis of political institutions in terms of mechanism design.
Theory and empirical data about party positioning, polarization, coalition formation, and stability.
Political-economic cycles, competing explanations of the size of countries. Voting as aggregating information,
voting vs. the market. Should one expect efficient outcomes? Application to taxation and trade liberalization.
This course is offered Fall term, MW10:30-12 in room E51-061.
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