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Parties, Congress, and the Stock Market
(2008-11)
Recent literature in both finance and political science has identified a series of
systematic patterns in the way stock market responds to significant political events.
The lack of a common theoretical core as well as ...
New Public Management as Trust Problem: Explaining Cross-country Differences in the Adoption of Performance-related Pay in the Public Sector
(2008-04)
This paper aims to explain cross-country variations in a paradigmatic element of NPM reforms: the shift from low-powered incentives (i.e. flat salaries) to high-powered one (i.e. performance-related pay systems). The paper ...
Why Bureaucracy? Political Power and the Emergence of Autonomous Bureaucracies
(2008-11)
Why some bureaucracies are autonomous regarding personnel policies? New
Political Economy approaches to public administrations tend to explain
bureaucratic autonomy as a result of the political exchange between citizens ...
Do You Believe Me? Public Sector Incentive Systems in Japan, Korea, Spain, and Sweden
(2008-12)
This paper presents a theoretical hypothesis for understanding the success of
performance-related incentives in the public sector, based on insights developed in the
private sector. The paper argues that incentives are ...