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Performance budgeting schemes in the public sector have to operate with imperfect performance measures. We argue that these imperfections generate incentives for the potential recipients of performance-based funds to use up resources in socially wasteful influence activities. We develop a...
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Chapter 1. The Challenges and Opportunities of Financing Infrastructure -- Chapter 2. Capital Planning and Budgeting for Infrastructure -- Chapter 3. Traditional Methods of Financing Infrastructure -- Chapter 4. Innovative Mechanisms of Financing Infrastructure -- Chapter 5. Case Studies in...
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