Public Decision-Making Processes and Asymmetry of Information:
The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists. Most of the traditional analysis of public sector activities has been reviewed to take accountofthe possible distortions arising from an asymmetric distribution of rel...
Gespeichert in:
| Weitere Verfasser: | , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Springer US
2001
|
| Ausgabe: | 1st ed. 2001 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists. Most of the traditional analysis of public sector activities has been reviewed to take accountofthe possible distortions arising from an asymmetric distribution of relevant information among the actors of the public decision-making process. A normative approach has been developed to design incentive schemes which tackle adverse selection and moral hazard problems within public organisations: our understanding of these problems is now much better, and some of the mechanisms designed have had important practical implications. While this analysis is still under way in many fields of public economics, as the papers by Jones and Zanola, and Trimarchi witness, a debate is ongoing on the possible theoretical limitations ofthis approach and on its actual relevance for public sector activities. This book encompasses different contributions to these issues, on both theoretical and practical areas, which were firstly presented at a conference in Catania. The innermost problem in the current discussion arises from the fact that this normative analysis is firmly rooted in the complete contracting framework, with the consequence that, despite the analytical complexities of most models, their results rely on very simplified assumptions. Most complexities of the organisation of public sector, and more generally, of writing "contracts", are therefore swept away |
| Beschreibung: | 1 Online-Ressource (XV, 206 p) |
| ISBN: | 9781461515838 |
| DOI: | 10.1007/978-1-4615-1583-8 |
Internformat
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| 520 | |a The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists. Most of the traditional analysis of public sector activities has been reviewed to take accountofthe possible distortions arising from an asymmetric distribution of relevant information among the actors of the public decision-making process. A normative approach has been developed to design incentive schemes which tackle adverse selection and moral hazard problems within public organisations: our understanding of these problems is now much better, and some of the mechanisms designed have had important practical implications. While this analysis is still under way in many fields of public economics, as the papers by Jones and Zanola, and Trimarchi witness, a debate is ongoing on the possible theoretical limitations ofthis approach and on its actual relevance for public sector activities. This book encompasses different contributions to these issues, on both theoretical and practical areas, which were firstly presented at a conference in Catania. The innermost problem in the current discussion arises from the fact that this normative analysis is firmly rooted in the complete contracting framework, with the consequence that, despite the analytical complexities of most models, their results rely on very simplified assumptions. Most complexities of the organisation of public sector, and more generally, of writing "contracts", are therefore swept away | ||
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Datensatz im Suchindex
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-1-4615-1583-8 |
| edition | 1st ed. 2001 |
| format | Electronic eBook |
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| spelling | Public Decision-Making Processes and Asymmetry of Information edited by Massimo Marrelli, Giacomo Pignataro 1st ed. 2001 New York, NY Springer US 2001 1 Online-Ressource (XV, 206 p) txt rdacontent c rdamedia cr rdacarrier The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists. Most of the traditional analysis of public sector activities has been reviewed to take accountofthe possible distortions arising from an asymmetric distribution of relevant information among the actors of the public decision-making process. A normative approach has been developed to design incentive schemes which tackle adverse selection and moral hazard problems within public organisations: our understanding of these problems is now much better, and some of the mechanisms designed have had important practical implications. While this analysis is still under way in many fields of public economics, as the papers by Jones and Zanola, and Trimarchi witness, a debate is ongoing on the possible theoretical limitations ofthis approach and on its actual relevance for public sector activities. This book encompasses different contributions to these issues, on both theoretical and practical areas, which were firstly presented at a conference in Catania. The innermost problem in the current discussion arises from the fact that this normative analysis is firmly rooted in the complete contracting framework, with the consequence that, despite the analytical complexities of most models, their results rely on very simplified assumptions. Most complexities of the organisation of public sector, and more generally, of writing "contracts", are therefore swept away Industrial Organization Public Economics Operations Research/Decision Theory Industrial organization Public finance Operations research Decision making Asymmetrische Information (DE-588)4120934-5 gnd rswk-swf Politische Entscheidung (DE-588)4046531-7 gnd rswk-swf Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content Wirtschaftspolitik (DE-588)4066493-4 s Politische Entscheidung (DE-588)4046531-7 s Asymmetrische Information (DE-588)4120934-5 s DE-604 Marrelli, Massimo edt Pignataro, Giacomo edt Erscheint auch als Druck-Ausgabe 9781461356264 Erscheint auch als Druck-Ausgabe 9780792372387 Erscheint auch als Druck-Ausgabe 9781461515845 https://doi.org/10.1007/978-1-4615-1583-8 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Public Decision-Making Processes and Asymmetry of Information Industrial Organization Public Economics Operations Research/Decision Theory Industrial organization Public finance Operations research Decision making Asymmetrische Information (DE-588)4120934-5 gnd Politische Entscheidung (DE-588)4046531-7 gnd Wirtschaftspolitik (DE-588)4066493-4 gnd |
| subject_GND | (DE-588)4120934-5 (DE-588)4046531-7 (DE-588)4066493-4 (DE-588)4143413-4 |
| title | Public Decision-Making Processes and Asymmetry of Information |
| title_auth | Public Decision-Making Processes and Asymmetry of Information |
| title_exact_search | Public Decision-Making Processes and Asymmetry of Information |
| title_exact_search_txtP | Public Decision-Making Processes and Asymmetry of Information |
| title_full | Public Decision-Making Processes and Asymmetry of Information edited by Massimo Marrelli, Giacomo Pignataro |
| title_fullStr | Public Decision-Making Processes and Asymmetry of Information edited by Massimo Marrelli, Giacomo Pignataro |
| title_full_unstemmed | Public Decision-Making Processes and Asymmetry of Information edited by Massimo Marrelli, Giacomo Pignataro |
| title_short | Public Decision-Making Processes and Asymmetry of Information |
| title_sort | public decision making processes and asymmetry of information |
| topic | Industrial Organization Public Economics Operations Research/Decision Theory Industrial organization Public finance Operations research Decision making Asymmetrische Information (DE-588)4120934-5 gnd Politische Entscheidung (DE-588)4046531-7 gnd Wirtschaftspolitik (DE-588)4066493-4 gnd |
| topic_facet | Industrial Organization Public Economics Operations Research/Decision Theory Industrial organization Public finance Operations research Decision making Asymmetrische Information Politische Entscheidung Wirtschaftspolitik Aufsatzsammlung |
| url | https://doi.org/10.1007/978-1-4615-1583-8 |
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