Dedicating tax revenues to specific expenditures can be used by policymakers to mask increases in total government spending. Our empirical results show that dedicated tax revenues tend to result in an increase in total government size but have little effect on the expenditures to which they are tied.[…
Defense acquisition programs in the United States continue to experience significant cost, schedule, and performance shortfalls despite decades of learning and numerous attempts at reform. This thesis examines one of the reasons for this problem—namely, how the incentives facing public officials lead them to overpromise what they can deliver and how this behavior contributes to shortfalls.
For an exploration of the economic situation and more, the Mercatus Center at George Mason University invites you to join Dr. Bruce Yandle as he presents a year end, quarterly economic commentary and discusses the outlook for the year ahead.
Mercatus Senior Research Fellow Keith Hall explains the economics behind the jobs numbers and how to read between the lines to get a better understanding of what they mean for our economy and different groups of Americans.
In this book, Paul Dragos Aligica discusses some of the most challenging ideas emerging out of the research program on institutional diversity associated with Elinor Ostrom and her associates, while outlining a set of new research directions and an original interpretation of the significance and future of this program.