Public Finance and Management

An international interdisciplinary journal devoted to increasing knowledge of public finance and administration through policy analysis, empirical research, and theoretical inquiry.

Articles from Vol. 12, No. 3, 2012

Democracy and the Theory of Public Finance: A Polycentric, Invisible-Hand Framework
ABSTRACTMost public finance theorizing treats its material of public finance as reflecting some ruler's optimizing choices. Within democratic regimes this ruler is typically a median vote. While this approach has tractability on its side, it achieves...
Introduction to a Symposium on Democracy and Public Finance
ABSTRACTThis symposium contains six papers that treat aspects of the relationship between democracy and public finance. In light of the wide range of state activity these days, the topic of this symposium is understandably broad in scope and yet incomplete...
Loss Aversion and Rationality in Cutback Management: A Deliberative Democratic Approach to Contingent Valuation
ABSTRACTContingent valuation is a widely used and well-understood technique for the valuation of non-market resources. But under conditions of fiscal stress and budget reduction, the phenomenon of loss aversion (the tendency of otherwise rational people...
NGOs HOLDING GOVERNMENTS ACCOUNTABLE: CIVIL-SOCIETY BUDGET WORK
ABSTRACTEfforts to make public administration more efficient and more democratic need not take place entirely within government. For example, "budget work" by nongovernmental organiza-tions and other types of civil-society collectives is one way in which...
Procyclical State Spending in the Usa: The Impact of Political Ideology
ABSTRACTFiscal policy is procyclical when government expenditures and tax revenues increase during periods of economic growth and decrease during periods of economic slowdown. This paper estimates sub-central government spending and revenue cyclicality...
Public Finance and the Extent of the Voting Franchise: A Survey of Historical Cases and New Evidence from Early U.S. States
ABSTRACTHow does the extent of the voting franchise impact public finance in a democracy? In this paper I discuss that question from theoretical and historical perspectives. There is no simple relationship between the extent of the voting franchise and...
Understanding Issues Related to Polycentric Governance in the Mumbai Metropolitan Region1
ABSTRACTMetropolitan government in India involves public organizations, networked vertically and horizontally, operating at different scales and having diverse - often overlapping - functional scopes. The interactions among these public organizations...