Bureaucratic minimal squawk behavior: theory and evidence from regulatory agencies
This paper argues that bureaucrats are susceptible to 'minimal squawk' behavior. I develop a simple model in which a desire to avoid criticism can prompt, otherwise public-spirited, bureaucrats to behave inefficiently. Decisions are taken to keep interest groups quiet and mistakes out of t...
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| Materialtyp: | Working paper |
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University of Oxford
2007
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