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There is no lack of opinion whether the public sector in the United States is too large or too small and there may even be a few who would argue that the present public-private mix is the correct one. While different individuals inevitably have different opinions given their underlying...
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This paper demonstrates that bureaucratic decision-making is a more complex process than the literature that focuses narrowly on the lack of appropriability of gains and losses from efficient decision-making implies. The paper delineates some of the other types of constraints under which the...
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