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We study budget formation in a model featuring separation of powers. In our model,the legislature designs a budget bill that can include a cap on total spending and ear-marked allocations to designated public projects. Each project provides random benefits to one of many interest groups. The...
Persistent link: https://www.econbiz.de/10012717526
investment patterns, and the reorganization of production across national borders. Although traditional trade theory has much to … are organizational features, such as sourcing strategies. But the theory has gone beyond the individual firm, studying the …
Persistent link: https://www.econbiz.de/10014058410