In what ways may the actual incidence of a government expenditure program differ from the legislated intent?

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In what ways may the actual incidence of a government expenditure program differ from the legislated intent? Why might the effects be different in the short run than in the long run? Illustrate with examples drawn from Part Four of the book, or with a discussion of the effects of government farm programs. Similarly, discuss how the short-run and long-run effects of a regulatory program, such as rent control, may differ.

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Economics Of The Public Sector

ISBN: 9780393925227

4th Edition

Authors: Joseph E. Stiglitz, Jay K. Rosengard

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