Showing 1 - 10 of 142
This paper studies how Oates' trade-off between centralized and decentralized public good provision is affected by changes in households' mobility. We show that an increase in household mobility favors centralization, as it increases competition between jurisdictions in the decentralized regime...
Persistent link: https://www.econbiz.de/10009399196
We introduce political economics into the soft budget constraint problem by asking if the timing of elections has the potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is worse - with synchronized elections, i.e....
Persistent link: https://www.econbiz.de/10010603662
What is the optimal wat to stabilize shocks and to take care of fiscal discipline in a fiscal union ? Among the various possible ways, this paper focuses on an inter-countries insurance scheme conditioned by the national preference for the fiscal discipline of each government. We will show that...
Persistent link: https://www.econbiz.de/10008792880
Longtemps négligées et jamais vraiment traitées, les questions budgétaires figurent parmi les dossiers les plus sensibles de la construction européenne. La situation budgétaire actuelle apparaît assez atypique ce qui soulève de nombreuses questions et incertitudes pour l'avenir....
Persistent link: https://www.econbiz.de/10008793894
We introduce political economics into the soft budget constraint problem by asking if the timing of elections has the potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is worse - with synchronized elections, i.e....
Persistent link: https://www.econbiz.de/10008795801
The ICMS-Ecológico is a fiscal transfer mechanism from states to municipalities, implemented in the early 1990's in Brazil, to reward municipalities for the creation and management of protected areas. This paper investigates the efficiency of this mechanism by testing for the presence of...
Persistent link: https://www.econbiz.de/10010899635
We introduce political economics into the soft budget constraint problem by asking if the timing of elections has the potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is worse - with synchronized elections, i.e....
Persistent link: https://www.econbiz.de/10010899972
A substantial literature has examined the determinants of support for democracy and although existing work has found a gender gap in democratic attitudes, there have been no attempts to explain it. In this paper we try to understand why females are less supportive of democracy than males in a...
Persistent link: https://www.econbiz.de/10010933801
remises en cause alors que les règles constitutionnelles permettant de penser la dynamique des institutions semblent avoir …
Persistent link: https://www.econbiz.de/10010933810
aftermath of geo-localized social protests in Africa, we find that trust in monitoring institutions and beliefs in social … the country's institutions. Our interpretation is the following. Agents lend their taxes to a leader with imperfect … information on the leader's type and the underlying capacity of institutions to monitor her. A misbehavior is then interpreted as …
Persistent link: https://www.econbiz.de/10010933911