Valence Politics and Equilibrium in Spatial Election Models

Spatial models of two-party or two-candidatecompetition almost never have pure-strategy Nashequilibria when the issue space has more than onedimension. This paper shows that the introduction ofvalence issues can create conditions where equilibriaexist, even in a multidimensional setting. We derivesufficient conditions for the existence of equilibria,and characterize the spatial locations of twocompeting parties or candidates when such equilibriaexist. The party with the advantage on the valencedimension will generally take a moderate position onthe positional issues. We consider the implications ofthese results for public perceptions of the parties,incumbency advantages, and realigning elections.     

The Benefits and Threats of PBB: An Assessment of Modern Reform

PBB is more vulnerable to threats from fraud, falsification, and misrepresentation than were previous budgeting systems Vulnerability grows from complexity, dependence on performance data, year-to-year changes in strategic focus, and the great expansion of the numbers of kinds of specialists involved in the process It appears to grow out of PBB's widely recognized benefits Transparency has been put forward as the primary protective device against threats to PBB; however, this has problems with both definition and operationalization. The fix may be a number of coordinated measures, most importantly the inculcation of sound ethical standards throughout an organization using PBB     

The Implications of GASB Statement No. 34 for Public Budgeting

This paper discusses a variety of audit issues related to the implementation of GASB Statement No. 34. Ten specific audit issues are addressed. Each issue is defined and discussed, and the relevant professional literature is reviewed. The results of interviews of four experienced auditors of governments are presented with respect to these issues. These auditors identified several additional issues related to the implementation of Statement No. 34. The focus is on gaining insight from the concerns of auditor professionals to assist academics by identifying topics that warrant future research.     

House organ

“A vast, depopulated coutry; a low density of automobiles, which are propelled by a type of gas with little sulphur; windy cities with no thermal inversions; a fairly recent genocide of dissident intellectuals and political activists; an even more recent economic collapse; a fragmented and quarrelsome left; a current government economic policy which assures stability at the price of decreased wagest less job security and increased unemployment — all these ingredients serve to suggest that red-green politics are not exactly booming in Argentina.“