Breuillé, Marie-Laure; Vigneault, Marianne - In: Journal of Urban Economics 67 (2010) 3, pp. 259-269
Our paper identifies a potential problem with decentralization at a time when its virtues are widely extolled. We show that responsibility for equalization at multi-levels within a decentralized federation creates an overlapping equalization policy that can worsen fiscal discipline. Contrary to...