Anomalies: The Flypaper Effect
研究了当州政府收到联邦无条件拨款时,其支出增加幅度远大于同等地方收入增长的理论预测,这种现象被称为“粘蝇纸效应”,即资金似乎“粘在它落下的地方”。
What happens to a state's spending when it receives an unconditional grant from the federal government? The standard theoretical analysis predicts that the increase in spending will be the same as that generated by an equivalent increase in local incomes--or roughly 5-10 percent for most states. In contrast, numerous empirical analyses have found that spending increases by much more, with some estimates near 100 percent. This result is known as the ’flypaper effect,’ since the money appears to ‘stick where it hits.’ The authors review this evidence as well as other studies that find similar behavior in firms.