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Special Interest Groups and the Allocation of Public Funds

Singhal, Monica - 2021

A long-standing puzzle in the fiscal federalism literature is the empirical non-equivalence in government spending from grants and other income. I propose a fully rational model in which violations of fungibility arise from dynamic interactions between politicians and interest groups with the...

Persistent link: https://www.econbiz.de/10013313674

Political Economics and Public Finance

Persson, Torsten; Tabellini, Guido Enrico - 2021

: redistribution between rich and poor, young and old, employed and unemployed, resident of different regions, and labor and capital … political mechanisms: we study legislative bargaining, lobbying, and electoral competition, as well as the possible interactions …, focusing on their implications for rent extraction by politicians, redistribution and public goods provision …

Persistent link: https://www.econbiz.de/10013226917

What Governments Maximize and Why : The View from Trade

Gawande, Kishore; Krishna, Pravin; Olarreaga, Marcelo - 2021

Policy making power enables governments to redistribute income to powerful interests in society. However, some governments exhibit greater concern for aggregate welfare than others. This government behavior may itself be endogenously determined by a number of economic, political and...

Persistent link: https://www.econbiz.de/10013228755

Decentralized Mining in Centralized Pools

Cong, Lin William - 2019

The rise of centralized mining pools for risk sharing does not necessarily undermine the decentralization required for permissionless blockchains: Each individual miner's cross-pool diversification and endogenous fees charged by pools generally sustain decentralization, because larger pools...

Persistent link: https://www.econbiz.de/10012891776

Expenditure Competition

Gordon, Roger H.; Wilson, John D. - 2021

Given the temptation on government officials to use some of their budget for 'perks,' residents face the problem of inducing officials to reduce such 'waste.' The threat to vote out of office officials who perform poorly is one possible response. In this paper, we explore the effect that...

Persistent link: https://www.econbiz.de/10013227493

Evaluating the Efficiency and Equity of Federal Fiscal Equalization

Albouy, David - 2010

In theory, federal transfers that make household location decisions efficient should ignore local cost differences …

Persistent link: https://www.econbiz.de/10013141358

Inefficiencies from Metropolitan Political and Fiscal Decentralization : Failures of Tiebout Competition

Calabrese, Stephen - 2011

We examine the welfare effects of provision of local public goods in an empirically relevant setting using a multi-community model with mobile and heterogeneous households, and with flexible housing supplies. We characterize the first-best allocation and show efficiency can be implemented with...

Persistent link: https://www.econbiz.de/10013121991

Fiscal Unions

Werning, Iván - 2012

, government spending, fiscal deficits, and redistribution …

Persistent link: https://www.econbiz.de/10013102600

Anchoring Fiscal Expectations

Leeper, Eric M. - 2010

In this lecture, I argue that there are remarkable parallels between how monetary and fiscal policies operate on the macro economy and that these parallels are sufficient to lead us to think about transforming fiscal policy and fiscal institutions as many countries have transformed monetary...

Persistent link: https://www.econbiz.de/10013151140

Centralization, Fiscal Federalism and Private School Attendance

Nechyba, Thomas J. - 2021

This paper uses a computational general equilibrium model to analyze the impact of public school finance regimes on rates of private school attendance. It is shown that, when viewed in such a general equilibrium context, state intervention in locally financed systems can have somewhat unexpected...

Persistent link: https://www.econbiz.de/10013230372