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Public Decision-Making Processes and Asymmetry of Information
By Giacomo Pignataro (editor) and Massimo Marrelli (editor)
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Bibliographic Detail
Publisher Kluwer Academic Pub
Publication date December 1, 2000
Pages 206
Binding Hardcover
Book category Adult Non-Fiction
ISBN-13 9780792372387
ISBN-10 0792372387
Dimensions 0.75 by 6.25 by 9.25 in.
Weight 1.10 lbs.
Original list price $199.00
Summaries and Reviews description: Product Description: 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.

Book cover for 9780792372387
The price comparison is for this edition
from Kluwer Academic Pub (December 1, 2000)
9780792372387 | details & prices | 206 pages | 6.25 × 9.25 × 0.75 in. | 1.10 lbs | List price $199.00
About: The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists.
Book cover for 9781461356264
from Springer Verlag (October 21, 2012)
9781461356264 | details & prices | List price $149.00

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