Breuillé, Marie-Laure; Gary-Bobo, Robert J. - 2021
In the present article, Tiebout meets Laffont and Tirole in the land of Fiscal Federalism. We use a non … depends on hidden characteristics and actions of local governments, and under citizen free mobility. We show that local … distorted at the second-best optimum, as a consequence of free mobility and asymmetric information. The effect of informational …