Showing 1 - 10 of 606
We propose a model which uses the Bitcoin/US dollar exchange rate to predict the computing power of the Bitcoin network. We show that free entry places an upper-bound on mining revenues and we devise a structural framework to measure its value. Calibrating the model's parameters allows us to...
Persistent link: https://www.econbiz.de/10012924447
This paper surveys recent research on decentralization and natural disasters. The first part discusses results from …
Persistent link: https://www.econbiz.de/10013083868
This paper explores the role of information transmission in explaining donors' choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a “delegation-scheme.” Conversely,...
Persistent link: https://www.econbiz.de/10013073609
explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …-agent framework, it analyzes two alternative policy-decision schemes — ‘decentralization' and ‘centralization' — when ‘knowledge … 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
This paper adds to the literature by utilizing improved data on tax revenue decentralization to re-examine the … relationship between fiscal decentralization and the size of government. An econometric analysis using panel data from 18 OECD … countries shows that fiscal decentralization matters for both the size and composition of government spending. Tax revenue …
Persistent link: https://www.econbiz.de/10012783397
Adding to the literature on the effects of government decentralization, this paper uses a large sample of individual … study the relative influences of different types of decentralization, including fiscal decentralization, administrative … decentralization, federalism, and aggregate decentralization. Our results show that fiscal and administrative decentralization are …
Persistent link: https://www.econbiz.de/10012984565
This paper studies the impact of decentralization on the shadow economy. We argue that decentralization may decrease … the size of the shadow economy mainly through two transmission channels: Decentralization enhancing public sector … efficiency (efficiency effect), and decentralization reducing the distance between bureaucrats and economic agents, which …
Persistent link: https://www.econbiz.de/10013315984
decentralization on the occurrence of transnational terror. Our results show that expenditure decentralization reduces the number of … transnational terror events in a country, while political decentralization has no impact. These results are robust to the choice of …
Persistent link: https://www.econbiz.de/10013316345
The majority of theoretical and empirical studies on the relationship between decentralization and corruption argues …-country data, we analyze the relationship between decentralization and corruption taking different degrees of the freedom of the … press into account. Our main finding is that decentralization counteracts corruption in countries with high degrees of press …
Persistent link: https://www.econbiz.de/10013316367
principal component analysis, seven aspects of both federalism and decentralization are used as variables for explaining … degrees. This study adds to our knowledge on the transmission mechanisms of federalism and decentralization …
Persistent link: https://www.econbiz.de/10013316441