of centralization stressed in the existing literature disappear, suggesting that the case for decentralization must be … driven by political economy considerations. Our political economy analysis assumes that under decentralization public goods …

efficient decentralization of investment decisions permits the institution to economize on the information which must be passed …

between the federal and state governments in such a scheme of partial decentralization. Our model suggests that the …

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 …

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 …

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 …