We provide an explanation why centralisation of political decision making …

We provide an explanation why centralisation of political decision makingresults in overspending in some policy domains …

the actors who participate in the political decision-making process as well as the rules of the political process have a … their performance? Using public choice and institutional economics theory this paper analyses what chances of success PPPs … have given the existing decision-making structures and the inherent incentives for participating actors, and in what way …

. We identify an important asymmetry between positive and negative externalities and show that centralization may not be e …¢ cient in economies with positive externalities even when regions are identical and centralization does not entail a loss of … accountability. We also show that decentralization can only Pareto dominate centralization in economies with negative externalities. …

. We identify an important asymmetry between positive and negative externalities and show that centralization may not be … efficient in economies with positive externalities even when regions are identical and centralization does not entail a loss of … accountability. We also show that decentralization can only Pareto dominate centralization in economies with negative externalities. …

. We identify an important asymmetry between positive and negative externalities and show that centralization may not be … efficient in economies with positive externalities even when regions are identical and centralization does not entail a loss of … accountability. We also show that decentralization can only Pareto dominate centralization in economies with negative externalities. …

The uncontrolled centralization of competences on the European level is problematic insofar as it does not correspond …