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Budgeting under Information Asymmetry: Evidence from Intergovernmental Transfers
Sun, April 6, 8:00 to 9:30am CDT (8:00 to 9:30am CDT), Palmer House Hilton, Floor: 7th, Burnham 2Brief Overview
We argue that legislative capacity can constrain profligate spending by reducing informational asymmetries between legislatures and bureaucratic agencies and analyze intergovernmental transfers from state legislatures to substate agencies.