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022 _a00222186
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHB73 JOU
100 1 _aWhalley, Alexander
_eauthor
245 1 0 _aElected versus appointed policy makers:
_bevidence from city treasurers
_ccreated by Alexander Whalley
264 1 _aChicago:
_bUniversity of Chicago Press,
_c2013.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aJournal of Law and Economics
_vVolume 56, number 1
520 3 _aThis paper investigates whether the method of selecting public officials affects policy making. I compare the policy choices of bureaucrat city treasurers and politician city treasurers, who are selected and held accountable in very different ways. The analysis draws on rich data from California to examine whether cities with appointed or elected city treasurers pay lower costs to borrow. The results demonstrate that having appointive treasurers reduces a city’s cost of borrowing by 19-31 percent. Holding officials directly accountable to voters can result in lower levels of performance in complex policy areas
650 _aCities
_vCity politics
_xCost efficiency
650 _aDebt management
_vFiscal policy
_xMunicipal governments
650 _aPolitical institutions
_vPoliticians
_xReferendums
856 _uhttps://doi.org/10.1086/668696
942 _2lcc
_cJA
999 _c164368
_d164368