Arbeitspapier
On the role of budgeting in the delegated provision of public goods under asymmetric information
The present paper investigates the neglected topic of budgeting rules for public bureaucracies performing governmental activities within predetermined budgets under rules governing expenditure levels and composition. We analyze the optimal budgeting scheme, if the bureaucracy has superior information vis – vis the policymaker. It is tasked with supplying different types of public goods and is subject to costly audits. The optimal budgeting scheme for the bureaucracy is determined. It is shown that it crucially depends on the level of auditing costs. The same holds for the extent of discretion given to the bureaucracy about levels and composition of public expenditures.
- Language
-
Englisch
- Bibliographic citation
-
Series: W.E.P. - Würzburg Economic Papers ; No. 51
- Classification
-
Wirtschaft
National Budget; Budget Systems
Public Goods
- Subject
-
Öffentliche Finanzplanung
Bürokratietheorie
Öffentliches Gut
Asymmetrische Information
Öffentliche Finanzkontrolle
Kosten
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Krause, Günter
- Event
-
Veröffentlichung
- (who)
-
University of Würzburg, Department of Economics
- (where)
-
Würzburg
- (when)
-
2004
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Krause, Günter
- University of Würzburg, Department of Economics
Time of origin
- 2004
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