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This paper compares three collective choice procedures for the provision of excludable public goods under incomplete information. One, serial cost sharing (SCS), is budget balanced, individually rational, anonymous, and strategy proof. The other two are "hybrid" procedures: voluntary cost...
Persistent link: https://www.econbiz.de/10005764012
I examine a model in which a bureaucrat performs a project for multiple legislative principals. The cost of the project is publicly observable but the bureaucrat’s (exogenous) effeciency and (endogenous) cost reducing activities are not. The principals can each perform a costly audit of the...
Persistent link: https://www.econbiz.de/10005764064
This paper examines a legislature's delegation of policy making authority to an imperfectly controlled, expert bureaucrat. The legislature can reduce the bureaucrat's expertise advantage through costly investigations of its own before delegating. Further, the bureaucrat is granted discretionary...
Persistent link: https://www.econbiz.de/10005703915