The use of formulae has become widespread in recent years across most developed countries. In the UK, a conservative estimate is that annually 150 billion of public service expenditure is distributed using formulae, in services such as health care, local government, social security and higher education. This book offers a comprehensive introduction to the theory and practice underlying the use of such formulae as a basis for funding public services.
The philosophy, design and economic consequences of funding formulae have become key policy issues worldwide. However, till...
The use of formulae has become widespread in recent years across most developed countries. In the UK, a conservative estimate is that annually 150 ...
