potential disadvantage with decentralization in our model is that local dominant groups with rather extreme preferences may win … the centralized solution may welfare dominate decentralization even in the absence of scale economics and interregional …, factors that are normally considered to be arguments in favor of decentralization, may reduce the attractiveness of the …

comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …. Given this general framework, the convenience of decentralization versus centralization mainly depends on the interaction …

This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the … decentralization literature, is overturned in a particular transportation context. In a monocentric city where road (bridge) capacity …