Download or read book Incentives in Public Decision making written by Jerry R. Green and published by North-Holland. This book was released on 1979 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sets out the basic negative results regarding the possibility of constructing general method. Explores the basic techniques for inducing revelation of individual preferences for collective action and describes the idea shows how it can be ...

Download or read book Public Decision Making Processes and Asymmetry of Information written by Massimo Marrelli and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists. Most of the traditional analysis of public sector activities has been reviewed to take accountofthe possible distortions arising from an asymmetric distribution of relevant information among the actors of the public decision-making process. A normative approach has been developed to design incentive schemes which tackle adverse selection and moral hazard problems within public organisations: our understanding of these problems is now much better, and some of the mechanisms designed have had important practical implications. While this analysis is still under way in many fields of public economics, as the papers by Jones and Zanola, and Trimarchi witness, a debate is ongoing on the possible theoretical limitations ofthis approach and on its actual relevance for public sector activities. This book encompasses different contributions to these issues, on both theoretical and practical areas, which were firstly presented at a conference in Catania. The innermost problem in the current discussion arises from the fact that this normative analysis is firmly rooted in the complete contracting framework, with the consequence that, despite the analytical complexities of most models, their results rely on very simplified assumptions. Most complexities of the organisation of public sector, and more generally, of writing "contracts", are therefore swept away.

Download or read book Incentives Versus Information Costs in Public Decision Making written by Jerry R. Green and published by . This book was released on 1976 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Incentive in Public Decision making written by Jerry R. Green and published by . This book was released on 1979 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Incentives and Choice in Health Care written by Frank A. Sloan and published by MIT Press. This book was released on 2008-05-16 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading scholars in the field of health economics evaluate the role of incentives in health and health-care decision making from the perspectives of both supply and demand. A vast body of empirical evidence has accumulated demonstrating that incentives affect health care choices made by both consumers and suppliers of health care services. Decisions in health care are affected by many types of incentives, such as the rate of return pharmaceutical manufacturers expect on their investments in research and development, or disincentives, such as increases in copayments patients must make when they visit physicians or are admitted to hospitals. In this volume, leading scholars in health economics review these new and important results and describe their own recent research assessing the role of incentives in health care markets and decisions people make that affect their personal health. The contexts include demand decisions—choices made by individuals about health care services they consume and the health insurance policies they purchase—and supply decisions made by medical students, practicing physicians, hospitals, and pharmaceutical manufacturers. Researchers and students of health economics and policy makers will find this book a valuable resource, both for learning economic concepts, particularly as they apply to health care, and for reading up-to-date summaries of the empirical evidence. General readers will find the book's chapters accessible, interesting, and useful for gaining an understanding of the likely effects of alternative health care policies. Contributors Henry J. Aaron, Ernst R. Berndt, John Cawley, Julie M. Donohue, Donna Gilleskie, Brian R. Golden, Gautam Gowrisankaran, Chee-Ruey Hsieh, Hirschel Kasper, Thomas G. McGuire, Joseph P. Newhouse, Sean Nicholson, Mark V. Pauly, Anna D. Sinaiko, Frank Sloan

Download or read book Institutions and Incentives in Public Policy written by Rosolino A. Candela and published by Rowman & Littlefield. This book was released on 2022-07-18 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Institutions and Incentives in Public Policy: An Analytical Assessment of Non-Market Decision-Making explores, both in theory and in practice, the consequences of using public policy as a tool to achieve specific individual and social goals, as well as its impact on private solutions to address such goals. The chapters examine the institutional incentives that operate in non-market settings, both governmental and non-governmental, using the theoretical frameworks of market process theory and public choice theory, they analyze a diverse set of contemporary public policy issues at both the domestic and international levels. Authored by individuals from a variety of disciplines with diverse interests in public policy, this work includes discussions of topics, such as foreign aid, education policy, environmental policy, health care policy, and the construction of private cities. This volume is relevant to scholars, students, policymakers, and knowledgeable citizens interested in the study of economics, political science, public policy, as well as those interested in particular policies rather than specific disciplines.

Download or read book Family Economics and Public Policy 1800s Present written by Megan McDonald Way and published by Palgrave Macmillan. This book was released on 2019-09-13 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores family economic decision-making in the United States from the nineteenth century through present day, specifically looking at the relationship between family resource allocation decisions and government policy. It examines how families have responded to incentives and constraints established by diverse federal and state policies and laws, including the regulation of marriage and of female labor force participation, child labor and education policies—including segregation—social welfare programs, and more. The goal of this book is to present family economic decisions throughout US history in a way that contextualizes where the US economy and the families that drive it have been. It goes on to discuss the role public policies have played in that journey, where we need to go from here, and how public policies can help us get there. At a time when American families are more complex than ever before, this volume will educate readers on the often unrecognized role that government policies have on our family lives, and the uncelebrated role that family economic decision-making has on the future of the US economy.

Download or read book Knowledge and Incentives in Policy written by Stefanie Haeffele and published by Economy, Polity, and Society. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can governments create bureaucratic structures that overcome knowledge and incentive problems? : an analysis of the Millennium Challenge Corporation / Rosemarie Fike -- The political economy of intervention in the conflict against ISIS / David Wille -- FDA effectiveness standards : helpful or harmful? / Anna Rivers -- Exit, voice, and incentives : an institutional analysis of urban public school districts / Rachel Reese -- Firm-specific tax incentives : the bad and the ugly / Adam N. Michel -- A better tomorrow : policy reform and the limitations of state-led targeted economic development / Courtney Michaluk -- The political economy of casino licensing : a case study on Maryland's experience / Candace McTeer Mottice -- The political economy of D.C. school choice : an institutional analysis of the Opportunity Scholarship Program / Allison Kasic -- Stifling urban development with land-use regulation : a case study of redevelopment in Tysons Corner, Virginia / Emily Hamilton

Download or read book Rethinking Investment Incentives written by Ana Teresa Tavares-Lehmann and published by Columbia University Press. This book was released on 2016-07-12 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments often use direct subsidies or tax credits to encourage investment and promote economic growth and other development objectives. Properly designed and implemented, these incentives can advance a wide range of policy objectives (increasing employment, promoting sustainability, and reducing inequality). Yet since design and implementation are complicated, incentives have been associated with rent-seeking and wasteful public spending. This collection illustrates the different types and uses of these initiatives worldwide and examines the institutional steps that extend their value. By combining economic analysis with development impacts, regulatory issues, and policy options, these essays show not only how to increase the mobility of capital so that cities, states, nations, and regions can better attract, direct, and retain investments but also how to craft policy and compromise to ensure incentives endure.

Download or read book The Theory of Incentives written by Jean-Jacques Laffont and published by Princeton University Press. This book was released on 2009-12-27 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics has much to do with incentives--not least, incentives to work hard, to produce quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this more than two hundred years ago in his analysis of sharecropping contracts, only in recent decades has a theory begun to emerge to place the topic at the heart of economic thinking. In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: What makes people act in a particular way in an economic or business situation? In seeking an answer, the authors provide the methodological tools to design institutions that can ensure good incentives for economic agents. This book focuses on the principal-agent model, the "simple" situation where a principal, or company, delegates a task to a single agent through a contract--the essence of management and contract theory. How does the owner or manager of a firm align the objectives of its various members to maximize profits? Following a brief historical overview showing how the problem of incentives has come to the fore in the past two centuries, the authors devote the bulk of their work to exploring principal-agent models and various extensions thereof in light of three types of information problems: adverse selection, moral hazard, and non-verifiability. Offering an unprecedented look at a subject vital to industrial organization, labor economics, and behavioral economics, this book is set to become the definitive resource for students, researchers, and others who might find themselves pondering what contracts, and the incentives they embody, are really all about.

Download or read book Democracy Public Expenditures and the Poor written by Philip Keefer and published by World Bank Publications. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries vary systematically with respect to the incentives of politicians to provide broad public goods, and to reduce poverty. Even in developing countries that are democracies, politicians often have incentives to divert resources to political rents, and to private transfers that benefit a few citizens at the expense of many. These distortions can be traced to imperfections in political markets, that are greater in some countries than in others. The authors review the theory, and evidence on the impact of incomplete information of voters, the lack of credibility of political promises, and social polarization on political incentives. They argue that the effects of these imperfections are large, but that their implications are insufficiently integrated into the design of policy reforms aimed at improving the provision of public goods, and reducing poverty.

Download or read book Behavioral Public Economics written by Shinji Teraji and published by Taylor & Francis. This book was released on 2021-09-26 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral Public Economics shows how standard public economics can be improved using insights from behavioral economics. Public economics typically lists four market failures that may justify government intervention in markets—imperfect competition (or natural monopoly), externalities, public goods, and asymmetric information. Under the rational choice paradigm (‘agents choose what is best for them’), public economics has examined the welfare effects of policy. Recent research in behavioral economics highlights a fifth market failure—individuals may make mistakes in pursuing their own well-being. This book calls for a rethinking of assumptions of individual behavior and provides a good foundation for public economic theory. Key features: Introduces behavioral perspectives into public economics. Explains why economic incentives often undermine social preferences. Reveals that social incentives matter for public policy. This book will be an invaluable resource for researchers and postgraduate students in public economics, behavioral economics, and public policy.

Download or read book Incentives Analysis and Individual Decision Making in the Planning of Education written by Françoise Caillods and published by Unesco. This book was released on 1997 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This UNESCO-sponsored report explores the value of applying incentive-based management concepts to educational planning. There is a continuing need for macro-educational planning if overall system coordination, coherence, efficiency, and equity are to be ensured. Chapter 1, "Incentive Concepts and Macro-Educational Planning," reviews key concepts and literature from the field. Chapter 2, "The New Educational Environment: Planning and Participation," describes recent changes in education, including globalization, financial constraints, and increasing demands. Chapter 3, "Behavioral Incentives in Educational Management," reviews the empirical record of incentives. Chapter 4, "State/Local Partnerships in Financing Basic and Secondary Education," describes the appropriate roles of state and local factors in financing through grant-in-aid schemes. Chapter 5, "Incentives for Public Higher Education," introduces a theoretical framework and reviews the experiences of recent programs. Chapter 6, "Developing a Participatory Framework for Local Teacher Incentives," describes the school-based provision of incentives for performance. Chapter 7, "Incentives for Student Learning Achievement," describes the macro-educational basis for the use of incentives to enhance learning. Chapter 8, "Incentives in Special Education," considers incentives systems in special education and offers policy recommendations. Chapter 9, "Creating an Environment for Informed Individual Choice: The Role of the Central Authorities," explains the informational and policy role of the state in incentive-based planning. Chapter 10, "Linking Information to Incentives," reviews the linkages between information and incentives in relation to the roles played by central and individual decision makers. Chapter 11, "Applying Incentive Concepts in Educational Planning," summarizes key conclusions of the report, regarding the new educational environment, the use of different types of incentives at different educational levels, and their potential to provide a more efficient and equitable decision-making structure. (TEJ)

Download or read book On Incentive Compatibility and Budget Balancedness in Public Decision Making written by Jeroen Suijs and published by . This book was released on 1995 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Incentives to Pander written by Nathan M. Jensen and published by Cambridge University Press. This book was released on 2018-03-15 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policies targeting individual companies for economic development incentives, such as tax holidays and abatements, are generally seen as inefficient, economically costly, and distortionary. Despite this evidence, politicians still choose to use these policies to claim credit for attracting investment. Thus, while fiscal incentives are economically inefficient, they pose an effective pandering strategy for politicians. Using original surveys of voters in the United States, Canada and the United Kingdom as well as data on incentive use by politicians in the US, Vietnam and Russia, this book provides compelling evidence for the use of fiscal incentives for political gain and shows how such pandering appears to be associated with growing economic inequality. As national and subnational governments surrender valuable tax revenue to attract businesses in the vain hope of long-term economic growth, they are left with fiscal shortfalls that have been filled through regressive sales taxes, police fines and penalties, and cuts to public education.

Download or read book Food Safety Economics written by Tanya Roberts and published by Springer. This book was released on 2018-12-21 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the economic incentives for food safety in the private marketplace and how public actions have helped shape those incentives. Noted contributors analyze alternative public health protection efforts and the benefits and costs associated with these actions to understand: why an excess of foodborne illness occurs what policies have worked best how regulations have evolved what the path forward to better control of pathogens in the U.S. and the international food supply chain might look like While the first third of the book builds an economic framework, the remaining chapters apply economics to specific food safety issues. Numerous chapters explore economic decision making within individual companies, revealing the trade-offs of the costs of food safety systems to comply with regulations vs. non-compliance which carries costs of possible penalties, reputation damage, legal liability suits, and sales reduction. Pathogen control costs are examined in both the short run and long run. The book's unique application of economic theory to food safety decision making in both the public and private sectors makes it a key resource for food safety professionals in academia, government, industry, and consumer groups around the world. In addition to Benefit/Cost Analysis and economic incentives, other economic concepts are applied to food safety supply chains, such as, principal-agent theory and the economics of information. Authors provide real world examples, from Farm-to-Fork, to showcase these economic concepts throughout the book.

Download or read book The Moral Economy written by Samuel Bowles and published by Yale University Press. This book was released on 2016-05-28 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Should the idea of economic man—the amoral and self-interested Homo economicus—determine how we expect people to respond to monetary rewards, punishments, and other incentives? Samuel Bowles answers with a resounding “no.” Policies that follow from this paradigm, he shows, may “crowd out” ethical and generous motives and thus backfire. But incentives per se are not really the culprit. Bowles shows that crowding out occurs when the message conveyed by fines and rewards is that self-interest is expected, that the employer thinks the workforce is lazy, or that the citizen cannot otherwise be trusted to contribute to the public good. Using historical and recent case studies as well as behavioral experiments, Bowles shows how well-designed incentives can crowd in the civic motives on which good governance depends.