This paper identifies four approaches to resource allocation decisions in public services from the literature: a rational approach using devices such as budgets, cost-benefit analysis, statistical techniques, etc.; non-rational approaches such as satisficing, muddling through, and garbage can...

Empirical work in labour economics has focused on rent sharing as an explanation for the observed correlation in cross-sections between wages and profitability. The alternative explanation of risk sharing between workers and employers has not been tested. Using a unique panel data set for four...