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Cover for 9780792372387 Cover for 9781461356264 Cover for 9789048142163
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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.
By Massimo Marrelli (editor) and Giacomo Pignataro (editor)

Hardcover:

9780792372387 | Kluwer Academic Pub, December 1, 2000, cover price $199.00 | About this edition: The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists.

Paperback:

9781461356264 | Springer Verlag, October 21, 2012, cover price $149.00

cover image for 9789048142163
Product Description: G. Galeotti* and M. Marrelli** *Universita di Perugia **Universita di Napoli 1. The economic analysis of optimal taxation has permitted considerable steps to be taken towards the understanding of a number of problems: the appropriate degree of progression, the balance between different taxes, the equity-efficiency trade-off etc ...read more
By Massimo Marrelli (editor)

Paperback:

9789048142163 | Springer Verlag, December 1, 1992, cover price $239.00 | About this edition: G.

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