Routledge studies in business organizations and networks ;
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Includes bibliographical references (pages 161-169) and index.
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.
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Presents a comprehensive introduction to the theory and practice underlying the use of formulae as a basis for funding public services. Also discusses the objectives of public finance systems, and the role of formulae funding within those systems, as well as introducing a general economic model with which to analyse the formula funding problem.