Showing 1 - 8 of 8
We study the strategic incentives of regional governments to allocate their budget to public investment and to public consumption expenditures against the background of an incentive-compatible redistribution policy set by the central government. Regional investment changes the productivity...
Persistent link: https://www.econbiz.de/10010429124
Critical-level (CL) utilitarianism with both fixed and variable critical levels is applied to the problem of redistribution in a federation with free mobility. We are interested in intra-regional inequality when redistribution policies are organized decentrally in a federation. Due to free...
Persistent link: https://www.econbiz.de/10011615588
Persistent link: https://www.econbiz.de/10002055516
the EU and the mernber states. It takes the theory of fiscal federalism as a starting point for an optimal allocation of … economic competences. The main message of the theory is that a transfer of econornie competences from a lower to a higher …
Persistent link: https://www.econbiz.de/10011490654
Persistent link: https://www.econbiz.de/10003363386
This study analyzes the interaction between distorted election choices and the architecture of government with a focus on the implications for the accountability of politicians. Contrasting centralized with decentralized political systems, it is shown that centralization is likely to result in...
Persistent link: https://www.econbiz.de/10003867965
Institutional Economics (NIE) for analyzing the economics of complex vertical and horizontal coordination problems. It sketches the …
Persistent link: https://www.econbiz.de/10011490672
economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … transaction-cost-political approaches. There has been some progress in recent years in developing such a "new economic theory of … federalism". Basic ideas and some insights of this theory are discussed with regard to the appropriate "federal" allocation of …
Persistent link: https://www.econbiz.de/10011491086