Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39605
Authors: 
Ehrhart, Karl-Martin
Gardner, Roy
von Hagen, Jürgen
Keser, Claudia
Year of Publication: 
2000
Series/Report no.: 
ZEI working paper B 18-2000
Abstract: 
This paper studies budget processes, both theoretically and experimentally. We compare the outcomes of bottom-up and top-down budget processes. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. We show, using structurally induced equilibrium theory, that this may but need not be the case. To test the implications for budget processes of structurally induced equilibrium theory, we conduct a series of experiments. The evidence from these experiments supports the predictions of structurally induced equilibrium theory, both at the aggregate and at the individual subject level.
Document Type: 
Working Paper

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