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A Theory of Policy Advice

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Author Info

  • Swank, Otto H
  • Letterie, Wilko
  • van Dalen, Hendrik P

Abstract

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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Bibliographic Info

Article provided by Oxford University Press in its journal Journal of Law, Economics and Organization.

Volume (Year): 15 (1999)
Issue (Month): 3 (October)
Pages: 602-14

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Handle: RePEc:oup:jleorg:v:15:y:1999:i:3:p:602-14

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Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
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Cited by:
  1. Robert A.J. Dur & Otto H. Swank, 2001. "Producing and Manipulating Information: Private Information Providers versus Public Information Providers," Tinbergen Institute Discussion Papers 01-052/1, Tinbergen Institute.
  2. Roland Hodler & Simon Loertscher & Dominic Rohner, 2010. "Biased experts, costly lies, and binary decisions," IEW - Working Papers 496, Institute for Empirical Research in Economics - University of Zurich.
  3. Swank, Otto H., 2000. "Policy advice, secrecy, and reputational concerns," European Journal of Political Economy, Elsevier, vol. 16(2), pages 257-271, June.
  4. Robert A.J. Dur & Otto H. Swank, 2001. "Producing and Manipulating Information: Private Information Providers versus Public Information Providers," Tinbergen Institute Discussion Papers 01-052/1, Tinbergen Institute.
  5. Swank Otto H., 2000. "Seeking information: the role of information providers in the policy decision process," Public Economics 0004004, EconWPA.

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