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6,270
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1
Inefficiencies from Metropolitan Political and Fiscal
Decentralization
: Failures of Tiebout Competition
Calabrese, Stephen
-
2011
-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
Saved in:
2
Isolated Capital Cities and Misgovernance :
Theory
and Evidence
Campante, Filipe R.
-
2013
city inhabitants, and lower levels of military spending by ruling elites, as predicted by the
theory
…
Persistent link: https://www.econbiz.de/10013082160
Saved in:
3
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
Saved in:
4
Decentralized Trading with Private Information
Golosov, Mikhail
-
2009
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
Saved in:
5
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
Saved in:
6
A Political Economy
Theory
of Partial
Decentralization
Hatfield, John William
-
2009
We revisit the classic problem of tax competition in the context of federal nations, and derive a positive
theory
of … 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 …
Persistent link: https://www.econbiz.de/10012765361
Saved in:
7
Externalities, Incentives and Failure to Achieve National Objectives in Decentralized Economies
Aizenman, Joshua
;
Isard, Peter
-
2021
The purpose of this paper is to study why decentralized economies often fail to achieve national objective in the presence of externalities. The paper employs a two-period, open economy framework in which the central government allocates its tax revenues among a larger number of individual...
Persistent link: https://www.econbiz.de/10013222246
Saved in:
8
Policy
Decentralization
and Exchange Rate Management in Interdependent Economies
Buiter, Willem H.
;
Eaton, Jonathan
-
2021
The paper provides a theoretical framework for analyzing policy formation among independent authorities operating in an interdependent environment. This is then applied to the analysis of optimal monetary policy in a stochastic two-country model with rational expectations. The main conclusions...
Persistent link: https://www.econbiz.de/10013223597
Saved in:
9
Estimating Management Practice Complementarity between
Decentralization
and Performance Pay
Hong, Bryan
-
2015
for the complementarity of performance pay and
decentralization
of decision-making from principals to employees … employees, as opposed to a general movement towards more
decentralization
throughout the organization. Finally, we find that …
Persistent link: https://www.econbiz.de/10013030139
Saved in:
10
Expenditure Competition
Gordon, Roger H.
;
Wilson, John D.
-
2021
response. In this paper, we explore the effect that competition for residents induced by fiscal
decentralization
has on 'waste … an additional advantage of fiscal
decentralization
…
Persistent link: https://www.econbiz.de/10013227493
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