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This paper applies the insights of Austrian economics to an important issue in local political economy. Basic economic theory holds that greater competition produces superior outcomes in private goods markets. The same should be true in the “markets” for the output of local government....
Persistent link: https://www.econbiz.de/10010987906
The question of what makes fiscal decentralization work is faced by many policymakers around the world. This book draws …, and discusses the key factors that help make decentralization sustainable, efficient, and equitable from a macroeconomic …
Persistent link: https://www.econbiz.de/10011245906
system a single representative is elected by a federal vote. It is shown that under decentralization, voters strategically … choice is biased towards decentralization. Copyright Springer-Verlag Berlin Heidelberg 2000 …
Persistent link: https://www.econbiz.de/10005167095
from homogenous districts, our centralization dominates decentralization for any degree of spillovers. In other cases, it …
Persistent link: https://www.econbiz.de/10005698715
This paper integrates the distributive politics literature with the literature on decentralization by incorporating …. The efficiency of decentralization and the performance of 'constitutional rules' (such as majority voting) which may be … used to choose between decentralization and centralization are then discussed in this framework. Stronger externalities and …
Persistent link: https://www.econbiz.de/10005789145
of centralization stressed in the existing literature disappear, suggesting that the case for decentralization must be … driven by political economy considerations. Our political economy analysis assumes that under decentralization public goods …
Persistent link: https://www.econbiz.de/10005791736
This paper explores the procurement of public buildings in local authorities in the UK under the Private Finance Initiative (PFI) and its consequences for small and medium sized enterprises. Following an outline of the development of PFI in the UK, the paper explains the peculiarities of local...
Persistent link: https://www.econbiz.de/10009207054
Decentralisation has become an essential tool of democracy and development. Decentralisation has been widely promoted … all over the world as a means of promoting governance, participation and local development. Undoubtedly, decentralisation …
Persistent link: https://www.econbiz.de/10010883768