IDEAS home Printed from https://ideas.repec.org/a/oup/jleorg/v15y1999i3p602-14.html
   My bibliography  Save this article

A Theory of Policy Advice

Author

Listed:
  • 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.

Suggested Citation

  • Swank, Otto H & Letterie, Wilko & van Dalen, Hendrik P, 1999. "A Theory of Policy Advice," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(3), pages 602-614, October.
  • Handle: RePEc:oup:jleorg:v:15:y:1999:i:3:p:602-14
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. Hillman, Arye L. & Swank, Otto, 2000. "Why political culture should be in the lexicon of economics," European Journal of Political Economy, Elsevier, vol. 16(1), pages 1-4, March.
    4. Swank, Otto H., 2000. "Policy advice, secrecy, and reputational concerns," European Journal of Political Economy, Elsevier, vol. 16(2), pages 257-271, June.
    5. Swank Otto H., 2000. "Seeking information: the role of information providers in the policy decision process," Public Economics 0004004, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:jleorg:v:15:y:1999:i:3:p:602-14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/jleo .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.