public choice theory

基本解释

The writer thinks the social welfare theory and the public choice theory are its main theoretical foundation.
它的建立符合历史发展的潮流，理论基础笔者认为主要是社会福利学说和公共选择理论。
In the view of public choice theory, the government itself also fails when it makes up for the failure of the market.
从公共选择理论看来，政府在弥补市场失灵的同时，自身也会产生失灵。
The theory of public choice has remarkable characteristics in analytic framework compared to the main-stream economics.
公共选择理论与主流经济学相比在分析框架上有显著特征。

But the alternative you put forward — namely, that government play a greater role in certain aspects of last-mile broadband infrastructure — raises profound concerns involving transactions costs (which are intertwined with public choice theory and the economic calculation problem).
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Public Choice Theory suggests so.
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Public choice theory explains the incentives and behavior of the tens of thousands of government employees who work in the bowels of the Bureau of Labor Statistics, Bureau of Economic Analysis, U.S. Treasury, Office of Management and Budget, Economics and Statistics Administration, and countless other agencies who generate and massage spreadsheets day in and day out.
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