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This article uses simple and self-contained optimal control theory and martingale methods to find optimal government expenditure consistent with present value balance and, implicitly sustainable saving, borrowing, and tax levels as well, since long-term sustainable paths are, in principle, not...
Persistent link: https://www.econbiz.de/10014055080
This article shows how to design and organize the delivery of public services to promote the kinds of co-productive behavior needed to make public efforts effective. Second, it specifies human-resource management practices that foster an inclination on the part of public employees to encourage...
Persistent link: https://www.econbiz.de/10014047585
This literature survey distinguishes between public administration and economics, identifies some issues common to both fields and some reasons why public administration is not economics. Finally, it briefly surveys the contributions and limits of three bodies of economic literature that have in...
Persistent link: https://www.econbiz.de/10014218643
Public choice theorists generally assume that bureaucrats seek to maximize their own utility functions, subject to externally imposed constraints. Changes in constraint values may, therefore, be expected to result in predictable changes in the behavior of most organizations, not just businesses....
Persistent link: https://www.econbiz.de/10014218688
This article surveys the empirical literature on voter turnout in an attempt to determine whether the claim that individual behavior in public-regarding decisions conforms to the mini-max-regret rule (precautionary principle) is valid, and also to determine whether or not what we know about...
Persistent link: https://www.econbiz.de/10014218694
This article explains why previous empirical tests of the size principle have failed to produce conclusive results. Particular stress is given to formalizing certain aspects of the legislative process that cause minimum-winning coalitions to comprehend very large majorities; the implications of...
Persistent link: https://www.econbiz.de/10014218711