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. The paper first solves for the optimal limit and explains how it depends upon the degree of politician bias and the nature …
Persistent link: https://www.econbiz.de/10013044620
This paper takes a fresh look at the trade-off between centralized and decentralized provision of local public goods. The point of departure is to model a centralized system as one in which public spending is financed by general taxation, but districts can receive different levels of local...
Persistent link: https://www.econbiz.de/10013228723