decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … are more likely to choose decentralization. Using three datasets of French and British firms in the 1990s, we report …

through facilitating greater firm decentralization. We collect original data on the decentralization of investment, hiring … stronger rule of law specialize in industries that rely on decentralization and allow more efficient firms to grow in scale …. Furthermore, even for firms of a given size and industry, trust and rule of law are associated with more decentralization which …

This paper approaches the question of the appropriate level of decentralization of power in government as a problem in … has nothing to say about the decentralization of power as such. The model of this paper compares allocations of power to …

centralization and decentralization are suboptimal as long as political bargaining does not take place. With bargaining, however, the … first best can often be achieved under decentralization, but not under centralization. At the root of this result is the …

This paper integrates the distributive politics literature with the literature on decentralization by incorporating …. The efficiency of decentralization and the performance of 'constitutional rules' (such as majority voting) which may be … used to choose between decentralization and centralization are then discussed in this framework. Stronger externalities and …

Does fiscal decentralization result in more efficient governance and higher economic growth? This Paper empirically … tests the hypothesis posed by theoretical literature that the effect of economic decentralization depends on features of the … political institutions. Using data from 95 countries for the last 25 years, we show that the effect of decentralization on …

of centralization stressed in the existing literature disappear, suggesting that the case for decentralization must be … driven by political economy considerations. Our political economy analysis assumes that under decentralization public goods …