Governmental failures in evaluating programs |
| |
Authors: | Glazer Amihai Hassin Refael |
| |
Affiliation: | 1. Department of Economics, University of California, Irvine, CA, 92717, U.S.A. 2. School of Mathematical Sciences, Tel-Aviv University, Tel-Aviv, 69978, Israel
|
| |
Abstract: | Consider a government that adopts a program, sees a noisy signal about its success, and decides whether to continue the program. Suppose further that the success of a program is greater if people think it will be continued. This paper considers outcomes when government cannot commit. We find that welfare can be higher when information is poor, that government should at times commit to continuing a program it believes had failed, and that a government which fears losing power may acquire either too much or too little information. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|