This chapter explores the history of financial management reform in Switzerland, both at the Federal and cantonal levels of government. The chapter first outlines the Swiss system of government and public sector organisation.(...)

This paper surveys and compares national experience with performance management in European public employment services (PES) in the form of "management by objectives" (MBO).

Standard equity valuation approaches (i.e., DDM, RIM, and DCF model) are derived under theassumption of ideal conditions, such as infinite payoffs and clean surplus accounting. Becausethese conditions are hardly ever met, we extend the standard approaches, based on thefundamental principle of...

Random Utility Maximization (RUM) models of recreation demand are typically plaguedby limited information on environmental and other attributes characterizing the available sitesin the choice set. To the extent that these unobserved site attributes are correlated with theobserved characteristics...