Delegating Powers by David Epstein, Sharyn O'Halloran - 9780521660204

David Epstein

Delegating PowersA Transaction Cost Politics Approach to Policy Making under Separate Powers\nAuthor(s): David Epstein, Sharyn O'Halloran\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521660204, 978-0521660204\nSynopsis\nDavid Epstein and Sharyn O'Halloran produce the first unified theory of policy making between the legislative and executive branches. Examining major US policy initiatives from 1947 to 1992, the authors describe the conditions under which the legislature narrowly constrains executive discretion, and when it delegates authority to the bureaucracy. In doing so, the authors synthesize diverse and competitive literatures, from transaction cost and principal-agent theory in economics, to information models developed in both economics and political science, to substantive and theoretical work on legislative organization and on bureaucratic discretion. Professors Epstein and O'Halloran produce the.