A Theory of Policy Advice
Otto Swank (),
Wilko Letterie () and
Hendrik van Dalen ()
Journal of Law, Economics, and Organization, 1999, vol. 15, issue 3, 602-14
This article analyzes a model of the policy decision process in ministerial governments. A spending minister and a finance minister are involved in making a decision concerning a public project. The two ministers have partially conflicting preferences. Policy decisions are made in two stages. In the first stage the spending minister consults a technical expert to obtain information about the technical consequences of the project. If the technical consequences are favourable, in the second stage the finance minister consults a financial expert to obtain information about the financial consequences. The finance minister can veto a proposal for undertaking the project. This article illustrates the consequences of specialization for information transmission. A drawback of specialization is that projects are evaluated on the basis of their individual consequences rather than on the basis of their total consequences. Copyright 1999 by Oxford University Press.
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Persistent link: https://EconPapers.repec.org/RePEc:oup:jleorg:v:15:y:1999:i:3:p:602-14
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