We analyze many di?erent types of policies, trying to be reasonably exhaustive. From a perspective of economic e?ciency, politicians are preferable for tasks that have the following features: i) di?erences in performance are due to e?ort, rather than individual talent or technical ability; ii) the preferences of the public are unstable and uncertain, so that ?exibility is valuable, a case that may be especially relevant for changing and complex policy environments; iii) time inconsistency is unlikely to be a relevant issue; iii) the nature of the policy is such that politicians cannot strategically distort policy choices in favor of short term objectives and against long term welfare; iv) the stakes for organized interest groups are small, or the legal system is poorly designed so that corruption is widespread; v) side payments to compensate the losers are desirable and relevant, or bundling of di?erent aspects of policy management and a comprehensive approach is important. The reverse applies to the attribution of prerogatives to bureaucrats.
----
Hi, I am posting again. I understand the last sentence of the paragraph above as "The reverse applies to the idea that bureaucrats have prerogatives". Can someone tell me I am right or wrong?
Thanks!!
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.