Institutional constraints and the inefficiency in public investments
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DOI: 10.1016/j.jpubeco.2017.06.007
Abstract: This paper studies limits on executive authority by identifying a dynamic channel through which they interact with policy-making. The model features two agents, one of which becomes the incumbent in each of the two periods… read more here.
Keywords: institutional constraints; inefficiency public; constraints inefficiency; public investments ... See more keywords