The Output of Governments
Our knowledge of the public sector is so scant that we do not even have an accepted definition of the output of governments. In this chapter I suggest a definition that is consistent with and indeed inspired by the theory of public decision-making developed in subsequent chapters. Consequently, I depart from current accounting definitions but suggest a way of moving from the theoretically correct definition to the accounting ones since empirical work can only be based on the latter.
KeywordsPublic Good Policy Instrument Institutional Arrangement Policy Objective Private Good
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