Similar Search Results

Subsidizing national champions : an evolutionary perspective

Aubert, Cécile (contributor); Falck, Oliver (contributor); … - 2008

A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...

Persistent link: https://www.econbiz.de/10003749485

Centralized fiscal spending by supranational unions

Simon, Jenny; Valasek, Justin - 2013 - This version: June 28, 2013

We study fiscal spending by supranational unions, where participation is voluntary and countries bargain over contributions to and the allocation of a central budget. We explore the link between the allocation and nations ́contributions that occurs since bargaining power is endogenous, and...

Persistent link: https://www.econbiz.de/10009765517

Heterogeneity, vetoes and exit clauses in federal systems

Huysmans, Martijn - 2018

The vast majority of federations lack exit clauses. Existing theoretical explanations of this stylized fact focus on issues of credible commitment, signaling, and the risk of strategic exploitation. However, such accounts are unable to explain the adoption by the European Union (EU) of Article...

Persistent link: https://www.econbiz.de/10011884402

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/10012171727

Federal monetary policy

Hefeker, Carsten - 2001

What is the optimal institutional structure for an independent central bank? The paper shows when it will be optimal for a country to have a central bank to be organized according to federal, purely national or a combination of both aspects. The analysis is then extended to a supranational...

Persistent link: https://www.econbiz.de/10011398004

Environmental tax reform in a federation with rent-induced migration

Garon, Jean-Denis; Séguin, Charles - 2015

We study the welfare effects of a revenue-neutral green tax reform in a federation. The reform consists of increasing a tax on a polluting input and reducing that on labor income. Households are fully mobile within the federation. Regions are unequally endowed with a nonrenewable natural...

Persistent link: https://www.econbiz.de/10010496890

Moral federalism : presented at CESifo Area Conference on Public Sector Economics, May 2004

Janeba, Eckhard - 2004

paper compares three regimes (centralization, decentralization and federalism) in an economy where individuals choose their … move from decentralization to federalism, called moral federalism, is welfare improving behind the veil of ignorance if and … only if centralization dominates decentralization, and (ii) for the group that favors a restrictive policy moral federalism …

Persistent link: https://www.econbiz.de/10011450084