Dynamic Incentives and the Optimal Delegation of Political Power /
This paper proposes a theory to explain why a politician delegates policy tasks to a technocrat in an independent institution. It formalizes the rationales for delegation highlighted by Hamilton (1788) and by Blinder (1998). Delegation trades-off the cost of having a possibly incompetent technocrat...
| Autore principale: | |
|---|---|
| Altri autori: | |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2007.
|
| Serie: | IMF Working Papers; Working Paper ;
No. 2007/091 |
| Accesso online: | Full text available on IMF |