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Governments do not have perfect information regarding constituent priorities and needs. This lack of knowledge opens the door for groups to lobby in order to affect the government's taxation levels. We examine the political economy of decentralized revenue-raising authority in light of social...
Persistent link: https://www.econbiz.de/10011762207
This paper develops a micro-founded city systems model with an endogenous number of cities to explore whether local governments establish the optimal city size when production processes involve environmental pollution. Our analysis delivers two key insights. First, if an optimal scheme to...
Persistent link: https://www.econbiz.de/10011803021
as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that … regulation ; financial development ; emerging markets ; financial inclusion …
Persistent link: https://www.econbiz.de/10009153059
evaluation of the fiscal treatment of one resource must account for the simultaneous adjustment of both. -- Fiscal competition …
Persistent link: https://www.econbiz.de/10003901986
the two primary theoretical frameworks - Tiebout (1956) and models of interjurisdictional competition - used to explore …
Persistent link: https://www.econbiz.de/10010228784
Persistent link: https://www.econbiz.de/10002115431
In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are …
Persistent link: https://www.econbiz.de/10011391687
The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...
Persistent link: https://www.econbiz.de/10003884085
that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …
Persistent link: https://www.econbiz.de/10011493763
This paper offers an eclectic survey of the political economy of labor regulation in the United States at federal and … review, and interjurisdictional competition as well as the implications of union decline. Our analysis should help dispel any …
Persistent link: https://www.econbiz.de/10003481858