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Information Transmission and Ownership Consolidation in Aid Programs
Dreher, Axel - 2013
' information is more relevant (centralization). The empirical analysis confirms that the importance of donors' private information …
Persistent link: https://www.econbiz.de/10013073609
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Information Transmission within Federal Fiscal Architectures : Theory and Evidence
Dreher, Axel - 2013
-agent framework, it analyzes two alternative policy-decision schemes — ‘decentralization' and ‘centralization' — when ‘knowledge … explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal … government levels. It is shown that, depending on which level of policy decision-making controls the degree of decentralization …
Persistent link: https://www.econbiz.de/10013075612
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Does Centralization Affect the Number and Size of Lobbies?
Redoano, Michela - 2021
decentralization to centralization can affect both the number and the type of lobbies. Under decentralization, if lobbies form they … will always have an effect on policy decision. Under centralization, if lobbies form, lobby competition may completely …
Persistent link: https://www.econbiz.de/10013317103
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Conservation Contracts and Political Regimes
Harstad, Bård; Mideksa, Torben - CESifo - 2015
Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal conservation contract, (iii) when the donor prefers contracting with central rather than local governments, and (iv) how the donor’s presence may induce institutional change....
Persistent link: https://www.econbiz.de/10011273091
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Institutionalized Bailouts and Fiscal Policy : The Consequences of Soft Budget Constraints
Fink, Alexander - 2010
States have soft budget constraints when they can expect a bailout by the federal government in the event of a financial crisis. This gives rise to incentives for unsound state fiscal policy. We test whether states with softer budget constraints have higher debt and deficits, receive more...
Persistent link: https://www.econbiz.de/10013150672
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Overcoming History Through Exit or Integration – Deep-Rooted Sources of Support for the European Union
Gehring, Kai - 2020
Preferences about the vertical distribution of power in federal systems are not well understood. I argue that negative historical experiences with higher-level governments can plausibly raise demands for exit strategies and a devolution of power. But integration, for instance delegating power...
Persistent link: https://www.econbiz.de/10012840199
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Exit and Voice : Yardstick versus Fiscal Competition across Governments
Bordignon, Massimo - 2007
Politicians are disciplined through the electoral system. But this is often not enough to eliminate political rents. Economists suggest that competition across governments may also help. But intergovernmental competition can take two forms, through tax competition (exit) or yardstick competition...
Persistent link: https://www.econbiz.de/10012776385
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In Praise of Tax Havens : International Tax Planning and Foreign Direct Investment
Hong, Qing - 2007
The multinationalization of corporate investment in recent years has given rise to a number of international tax avoidance schemes that may be eroding tax revenues in industrialized countries, but which may also reduce tax burdens on mobile capital and so facilitate investment. Both the welfare...
Persistent link: https://www.econbiz.de/10012777300
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On the Optimal Design of Disaster Insurance in a Federation
Goodspeed, Timothy - 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/10012777831
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The Impact of Globalization on the Composition of Government Expenditures : Evidence from Panel Data
Dreher, Axel - 2006
According to the disciplining hypothesis, globalization restrains governments by inducing increased budgetary pressure. As a consequence, governments shift their expenditures in favour of transfers and subsidies and away from capital expenditures. This expenditure shift is potentially enhanced...
Persistent link: https://www.econbiz.de/10012779699