Public Policy and Bounded Rationality

Neil M. Kay

Chapter 8 in The Emergent Firm, 1984, pp 128-143 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to explore the role of bounded rationality in public policy issues. We could address this question in different ways. One way would be to conduct an audit of public policy issues and analyse the role of information problems in each case. No doubt there lurks a political Salome cousin to entrepreneurial Salome behind the public policy fog; but we shall leave the politicians with their veils.

Keywords: Bounded Rationality; Entrepreneurial Corporation; Information Problem; Neoclassical Theory; Neoclassical Model (search for similar items in EconPapers)
Date: 1984
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DOI: 10.1007/978-1-349-17517-8_8

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