Efficiency of flexible budgetary institutions

DOI10.1016/J.JET.2016.10.007zbMATH Open1400.91182OpenAlexW3124801992MaRDI QIDQ503055FDOQ503055

Authors: Yong-Cai Geng, Sumit K. Garg 

Publication date: 11 January 2017

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w22457.pdf

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zbMATH Keywords

flexibilitydynamic efficiencybudget negotiationsdiscretionary spendingendogenous status quomandatory spendingsunset provision

Mathematics Subject Classification ID

History, political science (91F10) Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Public goods (91B18)

Cites Work

• Microeconomic theory
• Political Economy of Mechanisms
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• Vested Interests in a Positive Theory of Stagnation and Growth
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• Legislative bargaining with reconsideration
• The dynamics of distributive politics
• Dynamic legislative policy making
• Federal Fiscal Constitutions: Risk Sharing and Moral Hazard
• Efficiency, Welfare, and Political Competition *
• On the Faustian dynamics of policy and political power
• Two-party competition with persistent policies
• Candidates, credibility, and re-election incentives
• Bargaining in Standing Committees with an Endogenous Default: Figure 1
• Minimum winning coalitions and endogenous status quo
• Dynamic legislative decision making when interest groups control the agenda
• Politicians, taxes and debt
• Bureaucrats Versus Voters: On the Political Economy of Resource Allocation by Direct Democracy
• Fiscal rules and discretion under persistent shocks
• Spending-biased legislators: discipline through disagreement
• Efficiency of flexible budgetary institutions
• Power fluctuations and political economy

Cited In (5)

• Electoral competition with costly policy changes: a dynamic perspective
• Bargaining over the budget
• Efficiency and Budget Balance
• BARGAINING OVER TAXES AND ENTITLEMENTS IN THE ERA OF UNEQUAL GROWTH
• Efficiency of flexible budgetary institutions

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