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We propose and test a positive model of fiscal federalism in which centralization is less likely to occur in jurisdictions with referendum decisions on policy centralization. Citizens choose centralization of public spending and revenue in order to internalize spillovers if individual...
Persistent link: https://www.econbiz.de/10010265715
The paper compares decision-making on the centralisation of public goods provision in the presence of regional externalities under representative and direct democratic institutions. A model with two regions, two public goods and regional spillovers is developed in which uncertainty over the true...
Persistent link: https://www.econbiz.de/10010276438
Persistent link: https://www.econbiz.de/10003726359
Persistent link: https://www.econbiz.de/10003377189
Persistent link: https://www.econbiz.de/10003936578
The paper compares decision-making on the centralisation of public goods provision in the presence of regional externalities under representative and direct democratic institutions. A model with two regions, two public goods and regional spillovers is developed in which uncertainty over the true...
Persistent link: https://www.econbiz.de/10003592733
Persistent link: https://www.econbiz.de/10003256772
The paper compares decision-making on the centralisation of public goods provision in the presence of regional externalities under representative and direct democratic institutions. A model with two regions, two public goods and regional spillovers is developed in which uncertainty over the true...
Persistent link: https://www.econbiz.de/10013317425
We propose and test a positive model of fiscal federalism in which centralization is less likely to occur in jurisdictions with referendum decisions on policy centralization. Citizens choose centralization of public spending and revenue in order to internalize spillovers if individual...
Persistent link: https://www.econbiz.de/10014062973
The paper compares decision-making on the centralisation of public goods provision in the presence of regional externalities under representative and direct democratic institutions. A model with two regions, two public goods and regional spillovers is developed in which uncertainty over the true...
Persistent link: https://www.econbiz.de/10005766139