192 Pages
17 B/W Illustrations
by
Routledge
192 Pages
17 B/W Illustrations
by
Routledge
The use of formulae has become widespread in recent years across most developed countries. In the UK, a conservative estimate is that annually £150 billion of public service expenditure is distributed using formulae, in services such as health care, local government, social security and higher education. This book offers a comprehensive introduction to the theory and practice underlying the use... Read more
1. Background, 2. The rationale for formula funding, 3. Types of formula funding, 4. Empirical methods of formula funding, 5. An economic framework for analysing formula funding, 6. Incentives under formula funding, 7. Budgetary risk and formula funding, 8. The politics of formula funding, 9. Prospects and conclusions
Biography
Smith, Peter C.
