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This paper proposes a new perspective for studying decentralization by considering it as the unbundling of public goods … local) by one single provider held accountable by the voters via elections. We define decentralization as the unbundled … elections. This novel perspective allows us to identify two new effects of decentralization. The first effect provides an …
Persistent link: https://www.econbiz.de/10010325133
This paper overviews theoretical and empirical contributions that study political borders from an economic perspective. It reviews theories of the number and size of nations focused on the trade-off between economies of scale in public-good provision and heterogeneity of preferences over public...
Persistent link: https://www.econbiz.de/10014290075
We investigate the connection between corporate governance system configurations and the role of intermediaries in the respective systems from a informational perspective. Building on the economics of information we show that it is meaningful to distinguish between internalisation and...
Persistent link: https://www.econbiz.de/10010263309
We model the aid allocation decision where the donor government has announced that good governance is the criterion for receiving aid. Potential recipients must compete for the aid funds. The structure of the competition is important to the donor in terms of achieving good governance, and to the...
Persistent link: https://www.econbiz.de/10010268553
different cases, we conclude that the political force of the decentralization-theorem (Oates) is a sole and inverse function of …
Persistent link: https://www.econbiz.de/10010270385
This paper empirically studies the impact of decentralization on foreign aid effectiveness. For this purpose, we … decentralization. Our panel estimations reveal that fiscal decentralization negatively impacts aid effectiveness, while measures of … political decentralization have no significant effect or even a positive one. This result is robust for grants and overall ODA …
Persistent link: https://www.econbiz.de/10010270547
This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers display warm glow effects. We demonstrate that provided that each consumer becomes satiated to other consumers provision, it holds that, for a sufficiently large economy, the set...
Persistent link: https://www.econbiz.de/10010280750
This paper analyses the decentralization of decisionmaking in aid-giving in a theoretical rent-seeking framework. In …
Persistent link: https://www.econbiz.de/10010284555
oversupply of regional culture under decentralization. If migration affects productivity, the basic result of oversupply may be …
Persistent link: https://www.econbiz.de/10010286387
paper compares three regimes (centralization, decentralization and federalism) in an economy where individuals choose their … move from decentralization to federalism, called moral federalism, is welfare improving behind the veil of ignorance if and … only if centralization dominates decentralization, and (ii) for the group that favors a restrictive policy moral federalism …
Persistent link: https://www.econbiz.de/10010261228