Chu, Jian; Fisman, Raymond; Wang, Yongxiang; Ye, Maoliang - National Bureau of Economic Research - 2026
Audit design invokes a tradeoff between a monitor's local knowledge and their independence from influence. We study this tradeoff in the context of a pilot program in six Chinese provinces in 2016, in which provincial governments were given control over budgeting and personnel decisions for city...