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The decentralization tradeoff for complementary spillovers
Gregor, Martin; Stastna, Lenka - In: Review of economic design : RED 16 (2012) 1, pp. 41-69
Persistent link: https://www.econbiz.de/10009517229
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Free-riding or internalizing? : an opportunistic view on decentralization versus centralization
Fiorillo, Fabio; Sacchi, Agnese - 2011
comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …. Given this general framework, the convenience of decentralization versus centralization mainly depends on the interaction …
Persistent link: https://www.econbiz.de/10009009661
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The Effect of Spillovers on the Provision of Local Public Goods
Bloch, Francis; Zenginobuz, Ünal - 2006
This paper analyzes the provision of local public goods with positive spillovers across jurisdictions. If spillovers are symmetric, the noncooperative game played by jurisdictions admits a unique equilibrium, and an increase in spillovers reduces the total provision of public goods. Smaller...
Persistent link: https://www.econbiz.de/10014055404
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The Effect of Spillovers on the Provision of Local Public Goods
Bloch, Francis; Zenginobuz, Ünal - 2005
This paper analyzes the provision of local public goods with positive spillovers across jurisdictions. If spillovers are symmetric, the non-cooperative game played by jurisdictions admits a unique equilibrium, and an increase in spillovers reduces the total provision of public goods. Smaller...
Persistent link: https://www.econbiz.de/10014067779
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The Decentralization Tradeoff for Complementary Spillovers
Gregor, Martin - 2012
-specific public goods out of two complementary district-specific inputs. We compare equilibria in non-cooperative decentralization and … centralization welfare - dominates decentralization in most institutional settings and for a wide range of parameters, yet we can … also identify necessary and sufficient conditions for decentralization to welfare - dominate centralization. The setup …
Persistent link: https://www.econbiz.de/10013113014
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Decentralization with porous borders : public production in a federation with tax competition and spillovers
Armbruster, Stephanie; Hintermann, Beat - 2019
We analyze the strategic interaction of regional and federal governments using a model that includes fiscal externalities in the form of inter-regional capital tax competition and technical externalities in the form of inter-regional spillovers. The federal government aims to correct for these...
Persistent link: https://www.econbiz.de/10011994863
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The welfare costs of tiebout sorting with true public goods
Hintermann, Beat; Kuhlmey, Florian - 2018
rivalry in consumption of the publicly provided good. We identify three sources of welfare loss from decentralization … characteristics of the publicly provided good are an important determinant for the welfare costs of decentralization. …
Persistent link: https://www.econbiz.de/10012061833
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Free-Riding or Internalizing? An Opportunistic View on Decentralization versus Centralization
Fiorillo, Fabio - 2011
comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …. Given this general framework, the convenience of decentralization versus centralization mainly depends on the interaction …
Persistent link: https://www.econbiz.de/10013130419
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Decentralized Emission Standards with Tax Competition
Petchey, Jeffrey D. - 2010
We consider a game between jurisdictions within a national economy. Capital migrates between jurisdictions to satisfy an equal return condition. The total supply of capital to the economy is a non-decreasing function of the national return. This allows us to cater for the case where capital has...
Persistent link: https://www.econbiz.de/10013135689
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Tiebout Equilibria in Local Public Good Economies with Spillovers
Bloch, Francis; Zenginobuz, Ünal - 2008
This paper analyzes the effects of spillovers on the formation of jurisdictions in a local public good economy with free mobility. The number of jurisdictions is fixed and spillovers are parametrized by a matrix [αij where αij ε [0,1]. When spillovers are symmetric and close to 0 or 1 (pure...
Persistent link: https://www.econbiz.de/10014067780