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This paper examines whether the legislative adoption of performance-based budgeting (PBB) limits budgetary slack. Based on the model of slack-maximizing bureaucracy, we predict that the enactment of PBB laws is likely to shore up the legislature’s ability to control budgetary slack. By...
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subjects' self-confidence. Our novel experimental design allows us to disentangle selection into insurance from the effects of …
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subjects' self-confidence. Our novel experimental design allows us to disentangle selection into insurance from the effects of …
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