3 edition of Economics of the public sector found in the catalog.
Bibliography: p. -14 (3rd group).Includes index.
|The Physical Object|
|Pagination||xvi, 110 p. :|
|Number of Pages||98|
nodata File Size: 8MB.
All imported decisions are taken by the board.
If such limits are to prevail at the federal level, a constitutional amendment will be required. As a utility maximizer, you will vote if the marginal benefits to you of voting exceed the marginal costs. Professor Stiglitz builds on the book's classic strengths: an integrated approach to public economics, a readable and inviting style, and careful attention to real-world problems and applications.
Use public choice theory to explain rational abstention and why legislative choices may serve special interests. No voter would be more important than any other. Chads, the small pieces of paper that are removed from a punch-card ballot, turned out to be of crucial importance.
The loss in public enterprises is a loss of public. Public choice theory argues that individuals in the public sector make choices that maximize their utility—whether as voters, politicians, or bureaucrats, people seek solutions consistent with their self-interest. The government establishes public sector organizations to ensure that the required services are rendered to the public.
It is, therefore, suggested that government control should not be diffused and dispersed over a wide area, but there should be confined to basic issues and key points.
In order to protect and prevent the resources from being misused, the government grants property rights.
Therefore, the success of the enterprise depends on the ability and efficiency of the members of the board.