Formula funding of public services / / Peter Smith.

• Superior document: Routledge studies in business organization and networks
• VerfasserIn: Smith, Peter
• Place / Publishing House: [Place of publication not identified] : : Taylor & Francis,, 2007.
• Year of Publication: 2007
• Language: English
• Series: Routledge studies in business organization and networks.
• Physical Description: 1 online resource.

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 educa...

Table of Contents

• Setting the scene
• Formula funding within a public finance framework
• The elements of formula funding
• Formula funding : a production function perspective
• Empirical capitation methods
• Budgetary risk and formula funding
• Paying for quality : the case of UK general practitioners
• The political economy of formula funding
• Concluding comments.