This work studies the appearance of non exclusive fuel resaling firms, unbranded resale firms, which don't carry any connections to fuel distributors. In this sense, a simple strategic model was consolidated, in which the only asymmetric information relates to the contracts settled among...

This paper examines the efficiency of decentralized leadership where regional governments contribute to the provision of multiple regional and national public goods. Unlimited decentralized leadership is inefficient because regional governments have incentives to overspend resources in the...

We analyze a model of resource allocation in a federal system in which the center transfers real resources between member states. The center is assumed to be unable to observe the precise value of the cost differences across jurisdictions that motivate the transfers. Moreover, the center cannot...