Showing 1 - 10 of 232
-best allocation and show efficiency can be implemented with decentralization using head taxes. We calibrate the model and compare … decentralization and property taxation are large, dissipating most if not all the potential welfare gains that efficient … decentralization could achieve. In property tax equilibrium centralization is frequently more efficient! An externality in community …
Persistent link: https://www.econbiz.de/10013121991
We study the relationship between decentralization of R&D, innovation and firm performance using a novel dataset on the … of 594,903 patents that they hold. We explore the tension between centralization and decentralization of R&D, which … a whole. To do this, we develop two novel measures of decentralization. First, using intra-firm patent assignments, we …
Persistent link: https://www.econbiz.de/10013124858
We study the effect of decentralization on the access to some poverty-related public services in Benin. Compiling panel … suggests that decentralization has a positive overall effect on access to basic services. However, this effect appears to be … services. Decentralization in Benin contributes positively to the reduction of poverty by improving the average access to …
Persistent link: https://www.econbiz.de/10013105726
Motivated by a novel stylized fact - countries with isolated capital cities display worse quality of governance - we provide a framework of endogenous institutional choice based on the idea that elites are constrained by the threat of rebellion, and that this threat is rendered less effective by...
Persistent link: https://www.econbiz.de/10013082160
Decentralization has been put forward as a powerful tool to reduce poverty and improve governance in Africa. The aim of …. These spillovers impact the efficiency of decentralization. We develop a two-jurisdiction model of public expenditure, which …
Persistent link: https://www.econbiz.de/10013066000
We present a model where heterogeneous districts choose both whether to experiment and the policies to experiment with. Since districts learn from each other, the first-best requires that policy experiments converge so that innovations are useful also for neighbors. However, the equilibrium...
Persistent link: https://www.econbiz.de/10013073557
Standard models of fiscal federalism suggest many benefits of decentralization in developing economies, and there has … been a recent push toward decentralization around the world. However, developing countries presently still have less … decentralization, particularly on the revenue side, than both developed countries today and the United States and Europe historically …
Persistent link: https://www.econbiz.de/10013076576
The paper studies asset pricing in informationally decentralized markets. These markets have two key frictions: trading is decentralized (bilateral), and some agents have private information. We analyze how uninformed agents acquire information over time from their bilateral trades. In...
Persistent link: https://www.econbiz.de/10013154567
Developing countries spend vast sums on subsidies. Beneficiaries are typically selected via either a proxy-means test (PMT) or through a decentralized identification process led by local leaders. A decentralized allocation may offer informational or accountability advantages, but may be prone to...
Persistent link: https://www.econbiz.de/10012956926
simple model of the interaction between the federal and state governments in such a scheme of partial decentralization. Our …
Persistent link: https://www.econbiz.de/10012759960