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Economic analysis, sustainability and environmental commons
Musu, Ignazio - 2013
this wider approach in dealing with environmental commons, particularly with global environmental commons, discussing two …
Persistent link: https://www.econbiz.de/10010223360
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Revisiting the "decentralization theorem" : on the role of externalities
Köthenbürger, Marko (contributor) - 2007
Persistent link: https://www.econbiz.de/10003620168
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Understanding the emergence of public debt
Fochmann, Martin; Sadrieh, Abdolkarim; Weimann, Joachim - 2014
We use a controlled laboratory experiment with and without overlapping generations to study the emergence of public debt. Public debt is chosen by popular vote, pays for public goods, and is repaid with general taxes. With a single generation, public debt is accumulated prudently, never leading...
Persistent link: https://www.econbiz.de/10010358972
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The political economy of municipal amalgamation : evidence of common pool effects and local public debt
Fritz, Benedikt; Feld, Lars P. - 2015
This paper investigates the political economy of after merger effects of the large scale municipal amalgamations in the German state of Baden-Württemberg in the early 1970s. By exploiting the huge variance in the amalgamation process in terms of number of participating municipalities,...
Persistent link: https://www.econbiz.de/10011406787
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Efficiency of decentralized road investment and pricing in a multi-jurisdictional city with spillovers
Brueckner, Jan K. - 2013
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 …
Persistent link: https://www.econbiz.de/10009792215
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Fiscal delegation in a monetary union with decentralized public spending
Basso, Henrique S.; Costain, James - 2016
In a monetary union, the interaction between several governments and a single central bank is plagued by several sources of deficit bias, including common pool problems. Each government has strong preferences over local spending and taxation but suffers only part of the costs of union-wide...
Persistent link: https://www.econbiz.de/10011434438
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Public provision and local income tax competition
Kuhlmey, Florian; Hintermann, Beat - 2016
We extend the literature on local income tax competition by allowing for inter-jurisdictional spillovers and imperfect rivalry in consumption of a publicly provided good. Comparing decentralized second-best results of a theoretical model with an efficient benchmark, we identify three...
Persistent link: https://www.econbiz.de/10011436089
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Citizen preferences and the architecture of government
Bourgeon, Jean-Marc; Breuillé, Marie-Laure - 2018
We consider a country whose government provides a bundle of goods and services through a multi-tier administrative organization. We compare the optimal architectures of public governance (i.e. the division of the state into several tiers, the distribution of services among them, their number of...
Persistent link: https://www.econbiz.de/10011903798
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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
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Why Bitcoin and Ethereum differ in transaction costs : a theory of blockchain fee policies
Ndiaye, Abdoulaye - 2024
Blockchains, the technology underlying cryptocurrencies, face large fluctuations in user demand and marginal costs. These fluctuations make effective fee policies necessary to manage transaction service allocation. This paper models the conflict between the blockchain designer and validators...
Persistent link: https://www.econbiz.de/10015046289