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Recent theoretical research suggests that financing sub-national governments’ expenditure out of own revenue sources is linked to more responsible budgeting, because the financial implications of spending decisions then are internalized within a jurisdiction. We test this proposition...
Persistent link: https://www.econbiz.de/10011212074
We suggest a probabilistic voting model where voters’ preferences for alternative public goods display habit formation … demonstrate that the incumbent’s optimal policy features both a more polarized allocation between the alternative public goods and …
Persistent link: https://www.econbiz.de/10005766018