Examines preferences for framing funding requests in governmental borrowing decisions, indicating innovative budgeting approaches.
Examines policy makers' preferences for framing public funding requests, using the Sherin and Thaler Behavioral Life-Cyle Model. Public borrowing activities of a local police department; Sets of preferences of individuals; Assumption of wealth as nonfungible; Limitations of traditional budget techniques.
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Reed et al. (1995) studied this question.
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