PUBLIC OPTIONS – TOOLS FOR ASSESSMENT AND MANAGEMENT OF STATE ACTIONS. FINANCIAL AND LEGAL ASPECTS OF PURSUING INDIVIDUAL RESPONSIBILITY AND ACHIEVING POSITIVE RESULTS OF PUBLIC ADMINISTRATION OPERATIONS.
PUBLIC OPTIONS – TOOLS FOR ASSESSMENT AND MANAGEMENT OF STATE ACTIONS. FINANCIAL AND LEGAL ASPECTS OF PURSUING INDIVIDUAL RESPONSIBILITY AND ACHIEVING POSITIVE RESULTS OF PUBLIC ADMINISTRATION OPERATIONS.
Abstract
Daily activities of individual citizens put them in constant contact with
representatives of various government agencies, institutions, structures and the state
itself, in the face of the government and politicians. Daily contacts with the legislature,
executive or judiciary exist in different forms. And many of these "encounters" raise in
general public doubts or lack of satisfaction about bureaucratic procedures, lack of
transparency and lack of obvious link between costs and results. This paper investigates the use of public options as assessment tools for general functionaling of government and
public administration and how they can improve public sector effectiveness in order to
reduce dissatisfaction with results of public administration operation and spending of
taxpayers money.
References
Издателство „Класика и Стил”, Първо издание, ISBN 954-9964-47-7.
2. Ташев, Р. „Обща терория на правото“, изд. Сиби, 2007, ISBN 978-954-730-463-5.
3. Фон Бар, К. „Въведение към Общата референтна рамка”, сп. Търговско право,
бр. 5-6, 2007 г., с. 31.
4. Къндева, Ем. „Публична администрация“, изд. Сиела, Четвърто издание, 2007,
ISBN 978-954-28-0161-0.
5. Лазаров, К., Къндева, Ем., Еленков, Ал. „Коментар на Административно
процесуалния кодекс“, изд.на Център за обучение на адвокати „Кръстьо Цончев“,
2007, ISBN 978-954-730-400-0.
6. Друмева, Ем. „Конституционно право“, изд. Сиела, Трето издание, 2008, ISBN
978-954-28-0248-8.
7. Правен и справочен софтуер „Сиела 5.1“.
8. Fisher, B., Schols, M., „The pricing of options and corporate liabilities”, Journal of
Political Economy, Vol.81, № 3, 1973, p. 637-54.
9. Kolb, R., “Understanding Options”, John Wiley & Sons, Inc., 1995.
10. Copeland, Th.E.and Keenan, Ph.T. 1998, “How much is flexibility worth?” The
MacKinsey Quarterly, Number 2, р 38-49.
11. Leslie, K. J.and Michaels, M. P., 1997, “The Real Power of Real Options”, The
MacKinsey Quarterly, Number 3, p 4-23.
12. Wang, T.and De Neufville, R., 2002, “Identification of Real Options “in” Projects”,
Massachusetts Institute of Technology and Morgan Stanley, p 2-38.
13. Bar-Gill, O., “Pricing Legal Options: A Behavioral Prespective”, Review of Law and
Economics, NYU Law School, Vol. 1, p.203-240, 2005.
14. Huang, P.H. “Real Options in Law: (Possibly, Frivolous) Litigation and Other
Applications, The Berkeley Electronic Press, 2003.

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
By submitting a paper for publishing the authors hereby comply with the following provisions: 1. The authors retain the copyrights and only give the journal the right for first publication while licensing the work under Creative Commons Attribution License, which grants permissions to others to share the contribution citing this journal as first publication of the text. 2. The authors may enter separate, additional contractual relations for non-exclusive distribution of the published version of the work in this journal (e.g. to upload it in an institutional depository, or to be published in a book), given that they cite the first publication in this journal. 3. The authors are allowed and are encouraged to publish their works online (e.g. to upload it in an institutional depository, personal websites, social networks, etc.) before, during, and after the submission of the paper here, because this may lead to productive exchange, as well as earlier and larger referencing of the published works (see The Effect of Open Access).