An edition of Institutional mechanisms for efficient policy
(1993)
Institutional mechanisms for efficient policy
by Walter Hettich and Stanley L. Winer
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This monograph introduces the concept of a decision externality and shows how it plays a key role in diagnosing reasons why the design or operation of specific political and bureaucratic institutions may not be consistent with economic efficiciency. A decision externality arises when a key decision maker does not have sufficient incentive to take into account all the important consequences of their actions for economic welfare.
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Subjects
Policy sciences, Government productivity, Public administration, Decision making, Economic welfare, ExternalityPlaces
Canada| Edition | Availability |
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Institutional mechanisms for efficient policy
1993, Government and Competitiveness, School of Policy Studies, Queen's University
in English
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Book Details
Edition Notes
Summary in French.
Includes bibliographical references.
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- Created October 19, 2008
- 3 revisions
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| December 15, 2025 | Edited by MARC Bot | set source_records based on initial machine_comment |
| December 15, 2009 | Edited by WorkBot | link works |
| October 19, 2008 | Created by ImportBot | Imported from University of Toronto MARC record |