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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
accountability in decentralization and in public goods provision. …
Persistent link: https://www.econbiz.de/10010319835
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
To innovate, employees need to develop novel ideas and coordinate with each other to turn these ideas into better products and services. Work outcomes provide signals about employees' abilities to the labor market, and therefore career concerns arise. These can both be 'good' (enhancing...
Persistent link: https://www.econbiz.de/10010271239
We study the effects of overconfidence in a two-period investment-decision agency setting. Under common priors, agent risk aversion implies inefficiently low first-period investment. In our model, principal and agent disagree about the profitability of the investment decision conditional on a...
Persistent link: https://www.econbiz.de/10010276369
We address the question how much authority a principal should delegate to a manager with conflicting interests and uncertain ability in a context in which the manager has both compensationbased and reputational incentives. The optimal level of authority balances the value of the manager's...
Persistent link: https://www.econbiz.de/10010333720
We address the question how much authority a principal should delegate to a manager with conflicting interests and uncertain ability in a context in which the manager has both compensation-based and reputational incentives. The optimal level of authority balances the value of the manager's...
Persistent link: https://www.econbiz.de/10010270502
theory. …
Persistent link: https://www.econbiz.de/10010316312
, fiscal grants systems under decentralization may also have result in the same. We investigate this issue to identify the …
Persistent link: https://www.econbiz.de/10010333546