Formula Funding of Public Services

Written by a leading international expert, and including international empirical evidence, this important book provides a comprehensive introduction to the theory and practice underlying the use of formulae as a basis for funding public services.

Smith, Peter C.

1. Setting the Scene 2. Formula Funding within a Public Finance Framework 3. The Elements of Formula Funding 4. Formula Funding: A Production Function Perspective 5. Empirical Capitation Methods 6. Budgetary Risk and Formula Funding 7. Paying for Quality: The Case of UKGeneral Practitioners 8. The Political Economy of Formula Funding 9. Concluding Comments Technical Appendix B: Calculating Measures of Local Health Care Supply References'