Ehrhart, Karl-Martin; Gardner, Roy J; Keser, Claudia; … - C.E.P.R. Discussion Papers - 2001
bottom-up budget process. We show, using structurally induced equilibrium theory, that this need not be the case. To test the … implications for budget processes of structurally induced equilibrium theory, we conduct a series of experiments. The evidence from … these experiments supports the predictions of structurally induced equilibrium theory, both at the aggregate and at the …