Akai, Nobuo; Mizuno, Keizo; Osano, Hiroshi - In: Journal of Institutional and Theoretical Economics (JITE) 166 (2010) 4, pp. 614-640
We examine an incentive transfer scheme in an executive agency system when there are both marketable and nonmarketable public services. We show that because of the incentive transfer scheme, which contributes to the elimination of a government's budget deficit, social welfare is higher in the...
