Externalities. Incentives, and Economic Reforms.
The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple public decision makers is likely to experience 'overspending,' 'undertaxing,' 'overborrowing,' and 'overinflation' unless effective institut...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1990.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1990/010 |
| Online-ссылка: | Full text available on IMF |