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Currently the European Union (EU) consists of a group of nation states that exhibit an array of constitutional systems, ranging from the unitary to the fully federal. Among the EU member states, the United Kingdom (UK) has traditionally been regarded as an example par excellence of a unitary...
Persistent link: https://www.econbiz.de/10010319009
of regulation and is perhaps the most significant decentralization in U.S. environmental policy. However, few studies … hazardous waste regulation. No single hypothesis strongly explains authorization, but I find some evidence that states authorize … to increase the stringency of regulation. This evidence points to desirable effects of decentralization. …
Persistent link: https://www.econbiz.de/10010318356
economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An … competencies it is argued that traditional economic theories of federalism should be complemented by contract-theoretic and … federalism’. Basic ideas and some insights of this theory are discussed with regard to the appropriate ‘federal’ allocation of …
Persistent link: https://www.econbiz.de/10010265451
Environmental policy often has to be devised under informational constraints, like uncertainty and asymmetric information. We consider an environmental policy that aims at reducing the welfare losses caused by asymmetric information while being sufficiently simple for implementation. In this...
Persistent link: https://www.econbiz.de/10011390636
command and control regulation. The starting point for a discussion on efficient environmental policy has been the Pigouvian …
Persistent link: https://www.econbiz.de/10011608588
We focus in this paper on the effects of court errors on the optimal sharing of liability between firms and financiers, as an environmental policy instrument. Using a structural model of the interactions between firms, financial institutions, governments and courts we show, through numerical...
Persistent link: https://www.econbiz.de/10010270509
instruments and set strictness of regulation with a view to influencing the policy of future, possibly different, governments. We …
Persistent link: https://www.econbiz.de/10010284351
In this paper, we take up the question why a group of sovereign countries is willing to form a federation even if residents of the high-income region suspect potential immigrants to be net beneficiaries of the tax and transfer system. We argue that income uncertainty alone cannot satisfactorily...
Persistent link: https://www.econbiz.de/10010296313
This paper investigates how the abolishment of a ban on tuition fees affects the quality of higher education with centralized and decentralized decision making. It is shown that tuition fees fully crowd public funds under centralization and quality of university education does not improve....
Persistent link: https://www.econbiz.de/10010296820
This paper analyzes the process of reform of India's federal system, with a focus on fiscal federalism. We first …
Persistent link: https://www.econbiz.de/10010322727