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Persistent link: https://www.econbiz.de/10003441677
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 …
Persistent link: https://www.econbiz.de/10003202118
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 …
Persistent link: https://www.econbiz.de/10003166011
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 …
Persistent link: https://www.econbiz.de/10013318166
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This paper analyses and compares the efficiency of alternative incentive compatible grant schemes under asymmetric information relieving subnational governments of excessive debt burden. They allow intervention into local debt, local tax or complete local fiscal policy. In the fist case,...
Persistent link: https://www.econbiz.de/10003923749