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Partial Fiscal Decentralization
Brueckner, Jan K. - 2021
The fiscal decentralization impulse now sweeping the world often leads to partial decentralization, where subnational … arrangement, the literature contains no economic analysis of a partial decentralization regime in a Tiebout-style model. This …
Persistent link: https://www.econbiz.de/10013316771
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On the optimal design of disaster insurance in a federation
Goodspeed, Timothy J.; Haughwout, Andrew - 2007
Recent experience with disasters and terrorist attacks in the US indicates that state and local governments rely on the federal sector for support after disasters occur. But these same governments are responsible for investing in infrastructure designed to reduce vulnerability to natural and...
Persistent link: https://www.econbiz.de/10010264051
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Local public good provision, municipal consolidation, and national transfers
Dur, Robert; Staal, Klaas - 2007
We analyze a simple model of local public good provision in a region comprising two districts, a city and a village. When districts remain autonomous and local public goods have positive spillover effects on the neighboring district, there is underprovision of public goods in both the city and...
Persistent link: https://www.econbiz.de/10010264179
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Local Public Good Provision, Municipal Consolidation, and National Transfers
Dur, Robert; Staal, Klaas - 2021
We analyze a simple model of local public good provision in a region comprising two districts, a city and a village. When districts remain autonomous and local public goods have positive spillover effects on the neighboring district, there is underprovision of public goods in both the city and...
Persistent link: https://www.econbiz.de/10013316905
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Ex-post redistribution in a federation: implications for corrective policy
Koethenbuerger, Marko - 2006
This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit...
Persistent link: https://www.econbiz.de/10010263941
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How do local governments decide on public policy in fiscal federalism?: tax vs. expenditure optimization
Köthenbürger, Marko - 2008
Previous literature widely assumes that taxes are optimized in local public finance while expenditures adjust residually. This paper endogenizes the choice of the optimization variable. In particular, it analyzes how federal policy toward local governments influences the way local governments...
Persistent link: https://www.econbiz.de/10010264427
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Partial fiscal decentralization
Brueckner, Jan Keith - 2007
The fiscal decentralization impulse now sweeping the world often leads to partial decentralization, where subnational … arrangement, the literature contains no economic analysis of a partial decentralization regime in a Tiebout-style model. This …
Persistent link: https://www.econbiz.de/10010271848
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Size and soft budget constraints
Crivelli, Ernesto; Staal, Klaas - 2006
There is much evidence against the so-called too big to fail hypothesis in the case of bailouts to sub-national governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...
Persistent link: https://www.econbiz.de/10010264026
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Moral federalism
Janeba, Eckhard - 2004
paper compares three regimes (centralization, decentralization and federalism) in an economy where individuals choose their … move from decentralization to federalism, called moral federalism, is welfare improving behind the veil of ignorance if and … only if centralization dominates decentralization, and (ii) for the group that favors a restrictive policy moral federalism …
Persistent link: https://www.econbiz.de/10010261228
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Sharing budgetary austerity under free mobility and asymmetric information : an optimal regulation approach to fiscal federalism
Breuille, Marie-Laure; Gary-Bobo, Robert J. - 2005
In the present article, Tiebout meets Laffont and Tirole in the land of Fiscal Federalism. We use a non-trivial Principal-Multi-Agent model to characterize the optimal intergovernmental grant schedule, when the cost of local public goods depends on hidden characteristics and actions of local...
Persistent link: https://www.econbiz.de/10010261345