Australian fiscal federalism is characterised by vertical fiscal imbalance, with revenue-raising powers vested mainly in the Commonwealth government and expenditure functions falling largely on state and local governments. Historically a system of intergovernmental grants has been employed to...

Approximately once every two years the ninety odd members of the Inetrnational Olumpic Committee (IOC) meet to choose which city will host either the Summer or Winter Olympic Games. The current method of choosing a city to host the Olumpic Games is extremely wasteful. If the Games were awarded...