Showing 1 - 6 of 6
Fiscal Pollution (excessive budget deficits), in certain aspects, is like environmental pollution. In both types of pollution some, possibly most individuals would be willing to reduce their own pollution if others would do the same. In the case of fiscal pollution individuals would be willing...
Persistent link: https://www.econbiz.de/10013092591
Persistent link: https://www.econbiz.de/10002145556
Elected representatives have little incentive to pursue the interests of those electing them once they are elected. This well-known principle-agent problem leads, in a variety of theories of government, to nonoptimally large levels of government expenditure. An implication is that budgetary...
Persistent link: https://www.econbiz.de/10003626036
Elected representatives have little incentive to pursue the interests of those electing them once they are elected. This well-known principle-agent problem leads, in a variety of theories of government, to nonoptimally large levels of government expenditure. An implication is that budgetary...
Persistent link: https://www.econbiz.de/10013132440
Elected representatives have little incentive to pursue the interests of those electing them once they are elected. This well-known principal agent problem leads, in a variety of theories of government, to nonoptimally large levels of government expenditure. An implication is that budgetary...
Persistent link: https://www.econbiz.de/10014166034
Elected representatives have little incentive to pursue the interests of those electing them once they are elected. This well-known principle-agent problem leads, in a variety of theories of government, to non-optimally large levels of government expenditure. An implication is that budgetary...
Persistent link: https://www.econbiz.de/10012713812