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    • Cost disease in defense and public administration: Baumol and politics 

      Borge, Lars-Erik; Hove, Kjetil Hatlebakk; Lillekvelland, Tobias; Tovmo, Per (2018)
      William Baumol’s model predicts a steady increase in relative public sector prices (or costs) because of the combination of slow productivity growth and wage growth similar to sectors wherein productivity is growing more ...