An Unlikely Success: Peru’s Top-Down Participatory Budgeting Experience

Does Participatory Budgeting have an Effect on the Quality of Public Services? The Case of Peru’s Water and Sanitation Sector

On the Optimality of Participatory Budgeting

This paper complements the ongoing empirical discussion surrounding participative budgeting by comparing its economic merits relative to a top-down budgeting alternative. We analyze a screening model of participative budgeting where the subordinate uses the budgeting mechanism to relay private information to his superior, in addition to a signaling model of top-down budgeting where the superior...

Can participatory emissions budgeting help local authorities to tackle climate change?

A lack of concerted action on the part of local authorities and their citizens to respond to climate change is argued to arise partly from a poor relationship between the two. Meanwhile, local authorities could have a significant impact on community-wide levels of greenhouse gas emissions because of their influence over many other actors, but have had limited success with orthodox voluntary beh...

Electronic Participatory Budgeting: Supporting Community Deliberation and Decision-making with Online Tools

Participatory budgeting is a relatively new movement in public administration to involve citizens in civic decision-making. Electronic participatory budgeting can lower opportunity costs and engage more citizens in public budgeting. Drawing from research on participatory budgeting in particular and public administration, public policy, and information systems in general, this research establish...

Firm Investment and Stakeholder Choices: A Top-Down Theory of Capital Budgeting∗

This paper provides a model of the capital budgeting process of a firm whose top executives have private information. The success of the firm depends on the motivation and efforts of its lower level managers (and other stakeholders) who try to infer the information of the firm’s top executives from their actions. In particular, higher levels of investment signal that the firm has promising pros...