Dynamic Threshold Modeling of Budget Changes
نویسندگان
چکیده
A family of models was given to explain how the public budgeting process, as a multi-stage institutional decision making mechanism transforms the stimuli characterized by Gaussian distribution to skew, power law distributions. While the annual change is generally incremental, deviations from this incremental changes are more frequent, than the Gaussian distribution suggests. A set of threshold models, reflecting error-accumulation and friction, was suggested. The threethreshold model seems to be good to describe appropriately the basic statistical features of the data.
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تاریخ انتشار 2009