Showing 1 - 10 of 37,602
Fiscal disparity leads to a yardstick bias, in that incumbents in fiscally-rich jurisdictions can provide more public goods, extract more rents and yet have a higher probability to be reelected. This study further emphasizes disparity among jurisdictions, not only in terms of fiscal resources...
Persistent link: https://www.econbiz.de/10011847848
, procurement, and management of large infrastructure projects through both public-private partnerships (PPPs) and traditional … phases of the infrastructure project cycle: preparation, procurement, and contract management. For PPPs, management of … construction is also assessed. Disclosure of information for PPPs and procurement practices for innovation for TPIs are also …
Persistent link: https://www.econbiz.de/10012647556
Classic public choice skepticism about the regulatory state, based on theories of rent-seeking, rent extraction and regulatory capture, is based on the unrealistic, and usually unstated, assumption of a monopolist regulator. In practice, the regulatory state is polycentric, involving numerous...
Persistent link: https://www.econbiz.de/10012908046
We develop a model to discuss a government's incentives to delegate to bureaucrats the regulation of an industry. The …-based regulation policy requires the government to make use of a bureaucracy; this has a bureaucratic cost, as the bureaucracy diverts … implications for when and how a government should delegate its regulation of industry. We find that bureaucratic discretion reduces …
Persistent link: https://www.econbiz.de/10011700470
a way out. In the area of content regulation, transnational conflict is no less pronounced. The Europeans are … opportunity cost seems too high. The more important difference between data protection and content regulation thus turns out to be … typically is a one-to-one conflict, while in content regulation the typical conflict is of a one-to-many nature. In public goods …
Persistent link: https://www.econbiz.de/10011582891
After the global financial crisis, systemic risk regulation has taken center stage. Many consider hedge funds a … hedge funds for a case study of emerging transnational regulation. After an introduction to hedge funds and the reasons for … self-regulation, including such induced by the government, regulatory competition between government regulators, and …
Persistent link: https://www.econbiz.de/10013141497
Persistent link: https://www.econbiz.de/10001346504
Persistent link: https://www.econbiz.de/10001346836
Persistent link: https://www.econbiz.de/10001512731
Persistent link: https://www.econbiz.de/10011903871