Formula Funding of Public Services: 1st Edition (Paperback) book cover

Formula Funding of Public Services

1st Edition

By Peter C. Smith


192 pages | 17 B/W Illus.

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Paperback: 9780415511520
pub: 2013-08-08
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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 of such formulae as a basis for funding public services.

The philosophy, design and economic consequences of funding formulae have become key policy issues worldwide. However, till now, there has been no text which brings together the economic, statistical and political issues underlying formula funding. This key book fills that gap.

Written by a leading international expert on the design of funding formulae, this important book includes empirical evidence from a range of countries and will be a valuable resource for all those involved in this field.

Table of Contents

1. Setting the Scene 2. Formula Funding within a Public Finance Framework 3. The Elements of Formula Funding 4. Formula Funding: A Production Function Perspective 5. Empirical Capitation Methods 6. Budgetary Risk and Formula Funding 7. Paying for Quality: The Case of UKGeneral Practitioners 8. The Political Economy of Formula Funding 9. Concluding Comments Technical Appendix B: Calculating Measures of Local Health Care Supply References'

About the Series

Routledge Studies in Business Organizations and Networks

How do firms work? What networks are involved in driving organizations forward? This series presents titles which look at the dynamics of organizations and the particular effects of different types of business networks. It covers topics such as:

  • Industrial networks
  • Transaction cost economics
  • Organization theory
  • Change and information
  • New theories of the firm.

It considers both the economic, cultural and environmental factors that govern the success and failure of business networks and organizations.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General
POLITICAL SCIENCE / Public Policy / General