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Fiscal Externalities in Multilevel Tax Structures : Evidence from Concurrent Income Taxation
Revelli, Federico; Tsai, Tsung-Sheng; Zotti, Roberto - 2021
-tier (horizontal) and between-tiers (vertical and diagonal) fiscal externalities. Estimation of an unrestricted income tax reaction …
Persistent link: https://www.econbiz.de/10013213781
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Revisiting the 'Decentralization Theorem' - On the Role of Externalities
Koethenbuerger, Marko - 2021
The Decentralization Theorem (Oates, 1972) is central to the discussion of fiscal federalism. We revisit the role of consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of spillovers may reduce the difference in utility of...
Persistent link: https://www.econbiz.de/10013316807
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Fiscal federalism and electoral accountability
Aidt, Toke; Dutta, Jayasri - 2010
. We identify an important asymmetry between positive and negative externalities and show that centralization may not be … efficient in economies with positive externalities even when regions are identical and centralization does not entail a loss of … accountability. We also show that decentralization can only Pareto dominate centralization in economies with negative externalities. …
Persistent link: https://www.econbiz.de/10010270517
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Decentralization and Progressive Taxation
Berset, Simon; Schelker, Mark - 2021
The traditional normative literature on fiscal federalism argues that redistributive policies should be centralized in order to avoid welfare- or tax-induced migration. However, recent evidence shows that even in a setup where the progressivity of the income tax schedule is centralized to an...
Persistent link: https://www.econbiz.de/10013249653
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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 governments are funded by central transfers, rather than leading to full local autonomy. Despite the practical importance of this arrangement, the literature contains no economic...
Persistent link: https://www.econbiz.de/10013316771
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Federal Tax-Transfer Policy and Intergovernmental Pre-Commitment
Koethenbuerger, Marko - 2021
Federal and state governments often differ in the capacity to pre-commit to expenditure and tax policy. Whether the implied sequence of public decisions has any efficiency implications is the subject of this paper. We resort to a setting which contrary to most of the literature does not exhibit...
Persistent link: https://www.econbiz.de/10013316943
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Moral Hazard in Electoral Teams
Cox, Gary W. - 2020
parliamentary candidates' use of mass and social media during the 2017 election, we find clear support for this prediction. As their …
Persistent link: https://www.econbiz.de/10012830995
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Read My Lips? Taxes and Elections
Fuest, Clemens; Gründler, Klaus; Potrafke, Niklas; … - 2021
We introduce a new dataset that includes quantitative harmonized indices of tax reforms based on qualitative information of about 900 Economic Surveys from the OECD and 37,000 tax-related news from the IBFD archives. The data set provides indicators on tax reforms for tax rates and tax bases,...
Persistent link: https://www.econbiz.de/10013314686
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Regulating Stock Externalities
Gerlagh, Reyer - 2019
-consistent policy rules that implement the stochastic first best as long as a future market exists. We apply our theory to carbon …
Persistent link: https://www.econbiz.de/10012892203
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Regulation of Location-Specific Externalities
Amundsen, Eirik S. - 2019
In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from …
Persistent link: https://www.econbiz.de/10012892205