Dans cet article, nous dérivons de façon endogène le phénomène de contrainte budgétaire molle dans le cadre d’une fédération lorsque les décisions budgétaires sont prises au niveau décentralisé. Dans ce modèle, la mollesse de la contrainte budgétaire régionale découle de...

This paper analyses the impact of funding source of the bailout on the softness of the regional budget constraint. We show that the funding source of the bailout has a considerable impact both on the credibility of the federal government's commitment and on the regional opportunistic behaviour....

This paper analyses the impact of both the nature of regional public spending and the federal government’s fiscal tools on the softness of the regional budget constraint and the regional provision of public good. We show that i) whatever the nature of regional public spending, the regional...

In this article, we endogenously derive the soft budget constraint phenomenon in a federation when fiscal decisions are delegated to regions. In this framework, the softness of the regional budget constraint results from federal government cross-subsidization objective. We analyse the impact of...