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In this paper we argue that different preferences in a decentralized system lead to under provision of public goods. We analyze the provision of public primary education in nineteenth-century Prussia which was characterized by a linguistically polarized society and a decentralized education...
Persistent link: https://www.econbiz.de/10011474691
paper develops a framework to evaluate state banking, reviews prior experiences with state banking and related alternatives … to traditional private banking and identifies five questions determining the advisability of creating a state bank. The …
Persistent link: https://www.econbiz.de/10013454018