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The Economic Approach to Political Borders
Spolaore, Enrico - 2022
This paper overviews theoretical and empirical contributions that study political borders from an economic perspective. It reviews theories of the number and size of nations focused on the trade-off between economies of scale in public-good provision and heterogeneity of preferences over public...
Persistent link: https://www.econbiz.de/10014290075
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Incentive schemes for local government: Theory and evidence from comprehensive performance assessment in England
Lockwood, Benjamin; Porcelli, Francesco - 2011
This paper studies Comprehensive Performance Assessment, an explicit incentive scheme for local government in England. Motivated by a simple theoretical political agency model, we predict that CPA should increase service quality and local taxation, but have an ambiguous effect on the efficiency...
Persistent link: https://www.econbiz.de/10010275704
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Divided government versus incumbency externality effect: Quasi-experimental evidence on multiple voting decisions
Ade, Florian; Freier, Ronny - 2011
This paper explores the interdependency of political institutions from the voter's perspective. Specifically, we are interested in: (1) Does the partisan identity of the mayor influence the voter's decision in the subsequent town council election?; (2) Does this partisan identity influence the...
Persistent link: https://www.econbiz.de/10010280627
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The Economic Approach to Political Borders
Spolaore, Enrico - 2023
This paper overviews theoretical and empirical contributions that study political borders from an economic perspective. It reviews theories of the number and size of nations focused on the trade-off between economies of scale in public-good provision and heterogeneity of preferences over public...
Persistent link: https://www.econbiz.de/10014264163
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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 centralization and decentralization. The non-monotonicity result relates to …
Persistent link: https://www.econbiz.de/10013316807
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The Sovereign Default Problem in the Eurozone: An Insurance-Based Approach
Arnold, Nadjeschda; Rees, Ray - 2015
This paper argues that the Eurozone crisis stems from a risk management failure in the Eurosystem’s design, and that applying insurance theory is useful. We model risk neutral agents choosing portfolios of government bonds of n countries in a monetary union and other assets. We firstly analyse...
Persistent link: https://www.econbiz.de/10010531864
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Oil and Vinegar: A Positive Fiscal Theory of the Euro Crisis
Blankart, Charles B. - 2013
The theory of optimal currency areas states that a currency union may succeed if the participating countries have complementary industry structures. If this is not the case a currency union does not, inevitably, have to fail because market forces will induce adjustments of the industry...
Persistent link: https://www.econbiz.de/10010328740
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Contracting out temporary help services in Germany
Jahn, Elke J.; Ochel, Wolfgang - 2005
Since 2003 the German Public Employment Service (PES) has been experimenting with the contracting out of various services. One of the new labour market programmes is the Personnel Service Agencies, which provide client firms with jobseekers on a temporary assignment basis and are responsible for...
Persistent link: https://www.econbiz.de/10010261359
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Arm's length provision of public services
Bennedsen, Morten; Schultz, Christian - 2007
We analyze the economic consequences of strategic delegation of the right to decide between public or private provision of governmental service and/or the authority to negotiate and renegotiate with the chosen service provider. Our model encompass both bureaucratic delegation from a government...
Persistent link: https://www.econbiz.de/10010264261
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Does Public Sector Outsourcing Decrease Public Employment? Empirical Evidence from OECD Countries
Potrafke, Niklas - 2019
I examine the extent to which public sector outsourcing relates to public employment in OECD countries. I use new panel … data on public sector outsourcing. The sample includes 26 countries over the period 2009-2015. Contrary to common … expectations, the results do not suggest that public sector outsourcing expenditure was negatively related to public employment in …
Persistent link: https://www.econbiz.de/10012892261