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Delegating Powers: A Transaction Cost Politics Approach to Policy Making under Separate Powers
     

Delegating Powers: A Transaction Cost Politics Approach to Policy Making under Separate Powers

by David Epstein, Thrainn Eggertsson, Sharyn O'Halloran, Randall Calvert
 

ISBN-10: 0521660203

ISBN-13: 9780521660204

Pub. Date: 10/01/1999

Publisher: Cambridge University Press

In this path-breaking book, David Epstein and Sharyn O'Halloran produce the first unified theory of policy making between the legislative and executive branches. Examining major US policy initiatives from 1947 to 1992, the authors describe the conditions under which the legislature narrowly constrains executive discretion, and when it delegates authority to the

Overview

In this path-breaking book, David Epstein and Sharyn O'Halloran produce the first unified theory of policy making between the legislative and executive branches. Examining major US policy initiatives from 1947 to 1992, the authors describe the conditions under which the legislature narrowly constrains executive discretion, and when it delegates authority to the bureaucracy. In doing so, the authors synthesize diverse and competitive literatures, from transaction cost and principal-agent theory in economics, to information models developed in both economics and political science, to substantive and theoretical work on legislative organization and on bureaucratic discretion.

Product Details

ISBN-13:
9780521660204
Publisher:
Cambridge University Press
Publication date:
10/01/1999
Series:
Political Economy of Institutions and Decisions Series
Pages:
336
Product dimensions:
5.98(w) x 8.98(h) x 0.91(d)

Table of Contents

1. Paths of policy making; 2. Choosing how to decide; 3. Transaction cost politics; 4. The decision to delegate; 5. Data and postwar trends; 6. Delegation and congressional-executive relations; 7. Delegation and legislative organization; 8. Delegation and issue areas; 9. Conclusion; Afterword on comparative institutions.

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