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It has been argued that organizations which are unable to directly appropriate any of the firm's residual earnings tend to experience various forms of wealth-taking by managers (Alchian and Kessel, 1962). This wealth-taking has been observed in privately-owned, regulated firms (Nelson, 1980) as...
Persistent link: https://www.econbiz.de/10010863827
We have found that the fiscal power of a city can be increased by extension of its borders within a land area that is homogeneous with respect to earning opportunities, even when numerous rival jurisdictions exist in the area. We hypothesized that extending municipal boundaries will have a...
Persistent link: https://www.econbiz.de/10010864000
The empirical literature on the publicness of local government services has observed no significant degree of publicness. It is difficult to reconcile these findings with Wyckoff's conclusion that bureaucrats prefer pure public goods. Wyckoff's solution is to suggest that bureaucracy has little...
Persistent link: https://www.econbiz.de/10010864037
The empirical results of this paper are derived from a monopoly view of local government decisionmaking in contrast to the competitive view offered by earlier researchers. That our results are similar to earlier findings lends additional support to the conclusion that local output is largely...
Persistent link: https://www.econbiz.de/10010988081
In this article the theory of bureaucracy is used to analyze the collective choice mechamsm for determining military spending. The model integrates economies of size in military output from both the consumption (publicness) and production (scale) sides. Spillover effects on a nation's military...
Persistent link: https://www.econbiz.de/10010687327
This paper presents the development of an energy management strategy of a Plug-in Hybrid Electric Vehicle (PHEV). In this case, a rule-based optimal controller selects the appropriate operation mode. Furthermore, advantages and drawbacks of such vehicles are compared with respect to other...
Persistent link: https://www.econbiz.de/10010718935
Prior research on the labor market success of secondary vocational education has produced mixed results, with several studies finding wage gains only for individuals who work in training-related occupations. We contribute to this debate by focusing on a single occupation and organization and by...
Persistent link: https://www.econbiz.de/10010869474
Our results confirm the existence of a positive direct effect of cross subsidies from municipally owned water utilities on city spending. While the results are consistent with the hypothesis that internal subsidization creates a fiscal illusion, they are also consistent with vote-maximizing...
Persistent link: https://www.econbiz.de/10010863902
The shift in the institutional stucture in California in 1963 simultaneously reduced the ability of new cities to incorporate and elevated the status of annexation as a favored municipal growth policy. This study finds that cities which grew more rapidly by annexation also experienced more rapid...
Persistent link: https://www.econbiz.de/10010864759
Persistent link: https://www.econbiz.de/10010864809