Breuille, Marie-Laure; Gary-Bobo, Robert J. - Département Sciences Sociales, Agriculture et … - 2007
In the present article, Tiebout meets Laffont and Tirole in the land of fiscal federalism. A non-trivial Principal–Multi-Agent model is used to characterize the optimal intergovernmental grant schedule, when the cost of local public goods depends on hidden characteristics and actions of...