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Experimentation in Federal Systems
Callander, Steven - 2013
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
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Endogenous Decentralization in Federal Environmental Policies
Traub, Leah Goldman - 2010
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
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A Political Economy Theory of Partial Decentralization
Hatfield, John William - 2009
partial decentralization. A capital poor median voter wants to use capital taxes to provide public goods. This results in …. Decentralization provides such a commitment: local governments avoid using capital taxes due to the pressure of tax competition. We … therefore obtain that the median voter favors a partial degree of decentralization. The equilibrium degree of decentralization …
Persistent link: https://www.econbiz.de/10012765361
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Pollution Control Effort at China's River Borders : When Does Free Riding Cease?
Kahn, Matthew E. - 2013
At political boundaries, local leaders often have weak incentives to reduce polluting activity because the social costs are borne by downstream neighbors. This paper exploits a natural experiment set in China in which the central government changed the local political promotion criteria and...
Persistent link: https://www.econbiz.de/10013073194
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An Exploration of Local R&D Spillovers in France
Mairesse, Jacques - 2010
This paper is an attempt to assess the existence and magnitude of local research spillovers in France. We rely on the model of an extended production function (Cobb-Douglas and Translog) with both local and neighborhood Ramp;D capital stocks. We estimate this model on 312 employment areas as of...
Persistent link: https://www.econbiz.de/10012758031
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Political Jurisdictions in Heterogeneous Communities
Alesina, Alberto F.; Baqir, Reza; Hoxby, Caroline M. - 2021
We investigate how the number and size of local political jurisdictions in an area is determined. Our model focuses on the tradeoff between the benefits of economies of scale and the costs of a heterogeneous population. We consider heterogeneity in income, race, ethnicity, and religion, and we...
Persistent link: https://www.econbiz.de/10013222229
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State Gun Policy and Cross-State Externalities : Evidence from Crime Gun Tracing
Knight, Brian G. - 2011
This paper provides a theoretical and empirical analysis of cross-state externalities associated with gun regulations in the context of the gun trafficking market. Using gun tracing data, which identify the source state for crime guns recovered in destination states, we find that firearms in...
Persistent link: https://www.econbiz.de/10013119952
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Inconsistent Regulators : Evidence from Banking
Agarwal, Sumit - 2012
US state chartered commercial banks are supervised alternately by state and federal regulators. Each regulator supervises a given bank for a fixed time period according to a predetermined rotation schedule. We use unique data to examine differences between federal and state regulators for these...
Persistent link: https://www.econbiz.de/10013112843
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Unintended Consequences from Nested State & Federal Regulations : the Case of the Pavley Greenhouse-Gas-Per-Mile Limits
Goulder, Lawrence H. - 2009
Fourteen U.S. states recently pledged to adopt limits on greenhouse gases (GHGs) per mile of light-duty automobiles. Previous analyses predicted this action would significantly reduce emissions from new cars in these states, but ignored possible offsetting emissions increases from policy-induced...
Persistent link: https://www.econbiz.de/10013156421
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Splendid Associations of Favored Individuals : Federal and State Commercial Banking Policy in the Federalist Era
Bodenhorn, Howard - 2009
Early American firms were shaped by contemporary social conceptions of appropriate horizontal power relations inside the firm and the Federalist era bank was shaped by these conceptions. The Federalist era debate on the corporation was much broader than how shareholders would treat with one...
Persistent link: https://www.econbiz.de/10013158035