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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)...
Persistent link: https://www.econbiz.de/10010374866
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. We show, using structurally...
Persistent link: https://www.econbiz.de/10010518140
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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)...
Persistent link: https://www.econbiz.de/10012732856
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We analyse and empirically examine a multi-level common-pool resource (CPR) game consisting of a collective-choice level game and an operational-level game. In the collective-choice game, participants anonymously propose allocation rules to be used in the operational game and vote anonymously on...
Persistent link: https://www.econbiz.de/10014153152
Elinor Ostrom and the Bloomington School of Political Economy is a comprehensive collection, in four volumes, of the most important contributions by Ostrom and her colleagues on central issues. This second volume presents Ostrom's best-known legacy, her work on resource governance and the...
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