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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
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
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
regulations; states with this responsibility are referred to as "authorized'' or having "primacy.'' Although such decentralization …
Persistent link: https://www.econbiz.de/10013324152
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
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
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
Landed elites in the United States in the early decades of the twentieth century played a significant role in restricting the development of finance. States that had higher land concentration passed more restrictive banking legislation. At the county level, counties with very concentrated land...
Persistent link: https://www.econbiz.de/10012758354
One of the most difficult problems in the social sciences is measuring the policy climate in societies. Prior to the 1930s the vast majority of labor regulations in the U.S. were enacted at the state level. In this paper we develop several summary measures of labor regulation that document the...
Persistent link: https://www.econbiz.de/10012758595
, while policy decentralization is the key to federalism's strong rights and economic performance and can be achieved within a … scholars and is there any evidence that would suggest all this attention is warranted? Proponents see federalism as a means to … protective barrier for policy decentralization. Federal institutions protect policy decentralization, and policy decentralization …
Persistent link: https://www.econbiz.de/10012759607