Mancur Lloyd Olson Jr was an American economist and political scientist who taught at the University of Maryland, College Park.
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What was Mancur Olson's theory?
The Logic of Collective Action
Rather it was that those who organize such action need to find some way of giving incentives for people to join in paying for the collective action. Olson called this the “by-product theory.” An organized group would sell something to members and use any above-normal profits to lobby.
What is Mancur Olson's philosophy of large groups?
Olson's conclusion is therefore: “The larger a group is, the farther it will fall short of obtaining an optimal supply of any collective good, and the less likely that it will act to obtain even a minimal amount of such a good. In short, the larger the group, the less it will further its common interest.” (p.
What is the Olson game theory?
Olson's theory explores the market failures where individual consumer rationality and firms' profit-seeking do not lead to efficient provision of the public goods, i. e. where another level of provision would provide a higher gain at lower expenses.
What is the Olson's problem of collective action?
In Olson's 1971 algebraic argument, individuals will not contribute toward a collective good if the extra benefits they accrue through receiving that good are worth less than the costs of their contribution. This argument depends crucially upon the nature of the production function.
Mancur Olson was an American economist who had pathbreaking insights about collective action, the rise and decline of national economies, and the fortunes ...
This collection contains materials relating to the life and career of Mancur Olson, a Distinguished Professor of Economics at the University of Maryland ...
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Leading political economist Mancur Olson offers a new and compelling theory to explain these shifts in fortune and then tests his theory against evidence from ...
Feb 15, 2013 · The United States is subsidizing Brazilian cotton farmers as a bribe to forestall trade retaliation. Olson's theory about the asymmetry of ...
Mancur Olson
American economist and political scientist
Mancur Lloyd Olson Jr. was an American economist and political scientist who taught at the University of Maryland, College Park. Wikipedia
Born: January 22, 1932, Grand Forks, ND
Died: February 19, 1998 (age 66 years), College Park, MD
Field: Economics; Political science
Institution: University of Maryland; Princeton University
Books
The Logic of Collective Action
1965
The Rise and Decline of Nations
1982
Power and Prosperity: Outgrowing Communist and Capitalist Dictatorships
2000
The Economics of the Wartime Shortage: A History of British Food Supplies in the Napoleonic War and in World Wars I and II.
1961
How Bright are the Northern Lights? Some Questions about Sweden
1990
Umfassende Ökonomie
1991
The Logic of Collective Action: Public Goods and the Theory of Groups is a book by Mancur Olson Jr. published in 1965. It develops a theory of political ...
Jan 1, 1971 · Applying economic analysis to the subjects of the political scientist, sociologist, and economist, Mancur Olson examines the extent to which the ...
…by the American political economist Mancur Olson. Relying on an instrumental conception of rationality, according to which rational individuals make choices ...
The Logic of Collective Action: Public Goods and the Theory of Groups, With a New Preface and Appendix (Harvard Economic Studies). by Mancur Olson.
Mar 5, 1998 · Mancur Olson · Mancur Lloyd Olson, scourge of special interests, died on February 19th, aged 66 · From the prairies · Obituary March 7th 1998.