Ehrhart, Karl-Martin; Gardner, Roy; Hagen, Juergen von; … - Center for Applied Economics and Policy Research … - 2006
This paper studies budget processes, both theoretically and experimentally. We compare the outcomes of bottom-up and top-down budget processes. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. Ferejohn and Krehbiel (1987)...
