"Evidence for the Irrationality of Governmental Policy"
AbstractWe examine three measures of governmental policy: state gasoline taxes, the federal discount rate, and the prime of interest rate (which though set by banks is subject to political influence). All three variables show evidence of irrationality: they are not scale invariant (and thus violate Benford's Law) and show an aversion to use of the ten.
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Bibliographic InfoPaper provided by California Irvine - School of Social Sciences in its series Papers with number 98-99-7.
Length: 16 pages
Date of creation: 1998
Date of revision:
Contact details of provider:
Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.
PUBLIC POLICY ; IRRATIONALITY ; GOVERNMENT;
Find related papers by JEL classification:
- H10 - Public Economics - - Structure and Scope of Government - - - General
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