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On cooperation in Musgravian models of externalities within a federation
Tulkens, Henry - 2002
Musgravian externalities, formulated and illustrated by Musgrave in a 1966 paper on social goods are seen in this paper as one form of the interactions that occur between the components of a federation. The original formal apparatus is first exposed briefly. In that context, it is then...
Persistent link: https://www.econbiz.de/10011409762
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Small states, large unitary states and federations
Wrede, Matthias - 2002
Employing a political-economics approach, this paper compares small states and unions when the former fail to internalize cross-border externalities of publicly provided goods. It discusses two types of unions: federations with more than one level of government and unitary states. While unitary...
Persistent link: https://www.econbiz.de/10011409985
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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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Tax competition in a fiscal union with decentralized leadership
Köthenbürger, Marko - 2003
This paper examines capital tax competition in the presence of an interstate transfer policy without federal commitment. Lack of commitment implies that tax policy is chosen prior to federal transfers. The paper s main result is that ex-post federal policy internalizes horizontal fiscal...
Persistent link: https://www.econbiz.de/10011507899
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How to tame two Leviathans? : revisiting the effect of direct democracy on local public expenditure
Galletta, Sergio; Jametti, Mario - 2012
We explore how the vertical structure of direct democracy in a federal context affects expenditure decisions of sub-central governments. In so doing we revisit previous research on the effect of direct democratic institution on public policies. Particularly, the effect of upper-level (state)...
Persistent link: https://www.econbiz.de/10009665388
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On enhanced cooperation
Bordignon, Massimo; Brusco, Sandro - 2003
Should a subset of member states of a federation be allowed to form a sub-union on some policy issue? When centralization is not politically feasible, allowing an enhanced cooperation agreement among a subset of countries permits the latter to gain benefits which would otherwise be lost....
Persistent link: https://www.econbiz.de/10011508107
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On government centralization and budget referendums : evidence from Switzerland
Schaltegger, Christoph A.; Feld, Lars P. - 2001
activities in order to weaken the com-petitive pressure of fiscal federalism. We propose and test a positive model of fiscal … federalism in which centralization is less likely to occur where budget referendums are possible. The reason for this result is …
Persistent link: https://www.econbiz.de/10011408427
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Population mobility and transboundary environmental problems
Hoel, Michael; Shapiro, Perry - 2001
A standard result in the literature on environmental economics is that efficient environmental policies regulating transboundary pollution will be adopted only if there is interjurisdictional coordination. Efficient policies can be adopted as a result of interregional treaties or mandated by a...
Persistent link: https://www.econbiz.de/10011398882
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Choosing club membership under tax competition and free riding
Park, Hyun; Philippopulos, Apostolēs - 2003
We study the choice of club membership, when member-countries national governments set their tax policies non-cooperatively. Federal policy (in the form of club membership) has a higher constitutional status than national policies (in the form of income tax rates). This allows federal policy to...
Persistent link: https://www.econbiz.de/10011508078
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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