Fiscal decentralization is high on the agenda in policy fora. This paper empirically investigates the underlying causes of fiscal decentralization, based on the predictions of a simple political economy model. We argue that the likeliness that a central government engages in devolution of powers...

Fiscal decentralization is high on the agenda in policy fora. This paper empirically investigates the underlying causes of fiscal decentralization, based on the predictions of a simple political economy model. We argue that the likeliness that a central government engages in devolution of powers...

This paper empirically investigates the underlying determinants of expenditure decentral- ization, based on the predictions of a new political economy model of partial decentralization. The analysis is based on an agency model, in which two levels of government are involved in the provision of a...

This paper presents the outline for a smart market geared to Quebec s woodchip industry. It aims to explain how such a market operates, and to show how it fits into or modifies the existing trading system. The proposed smart market has two main objectives. The first is to enhance the efficiency...