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Optimal secession rules
Bordignon, Massimo; Brusco, Sandro - 1999
Should the constitution of a federation allow for peaceful secession? Constitutionally defined secession rules are optimal ex post if the federation breaks down. However, they may be suboptimal ex ante if the member countries receive a benefit from the perceived long-term stability of the...
Persistent link: https://www.econbiz.de/10011443379
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Regulation of Europe's network industries : the perspective of the new economic theory of federalism
Bickenbach, Frank - 2000
federalism". Basic ideas and some insights of this theory are discussed with regard to the appropriate "federal" allocation of … competencies it is argued that traditional economic theories of federalism should be complemented by contract-theoretic and … transaction-cost-political approaches. There has been some progress in recent years in developing such a "new economic theory of …
Persistent link: https://www.econbiz.de/10011491086
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Optimal secession rules
Bordignon, Massimo; Brusco, Sandro - In: European economic review : EER 45 (2001) 10, pp. 1811-1834
Persistent link: https://www.econbiz.de/10001635180
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Regulation of Europe's network industries : the perspective of the new economic theory of federalism
Bickenbach, Frank - 2000
Persistent link: https://www.econbiz.de/10013261081
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Optimal secession rules
Bordignon, Massimo - 1999
Should the constitution of a federation allow for peaceful secession? Constitutionally defined secession rules are optimal ex post if the federation breaks down. However, they may be suboptimal ex ante if the member countries receive a benefit from the perceived long-term stability of the...
Persistent link: https://www.econbiz.de/10013428275
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Optimal Secession Rules
Bordignon, Massimo; Brusco, Sandro - 2003
Should the constitution of a federation allow for peaceful secession? Constitutionally defined secession rules are optimal ex post if the federation breaks down. However, they may be suboptimal ex ante if the member countries receive a benefit from the perceived long-term stability of the...
Persistent link: https://www.econbiz.de/10014089718
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A master of two servants : lessons from the Israeli experience about the effect of separation of powers on public accountability and social welfare
Schwarz, Mordechai E. - In: Constitutional political economy 34 (2023) 1, pp. 59-87
Persistent link: https://www.econbiz.de/10014228509
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Asymmetric information and the design of optimal contracts
Wessels, Joachim H. - 1996
Persistent link: https://www.econbiz.de/10000584680
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Conflict and the social contract
Bester, Helmut; Wärneryd, Karl - 2006
We consider social contracts for resolving conflicts between two agents who are uncertain about each other's fighting potential. Applications include international conflict, litigation, and elections. Even though only a peaceful agreement avoids a loss of resources, if this loss is small enough,...
Persistent link: https://www.econbiz.de/10010365867
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Representative versus direct democracy : the role of informational asymmetries
Kessler, Anke S. - 2000 - Revised version: November 2000
The paper studies the relative merits of direct and representative legislation in a setting where voters are uncertain both with respect to the likely consequences of different policies and with respect to the political preferences of their fellow citizens. Under representative legislation, the...
Persistent link: https://www.econbiz.de/10011539190