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minimizing informational spillovers. To address this failure, we introduce a dynamic form of federalism in which the central …
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federal systems (Oates: laboratory federalism). Based upon Hayekian ideas of the advantages of decentralised experimentation …
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We evaluate the effectiveness of non optimal and temporally inconsistent incentive policies for regulating the exploitation of a renewable common-pool resource. The corresponding game is an N-person discrete-time deterministic dynamic game of T periods fixed duration. Three policy instruments...
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Federalism permits sub-national diversity and experimentation. The Kable principle limits sub-national diversity and … experimentation in relation to state courts. But this apparent tension between 'laboratory' federalism and the Kable principle is …
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