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This paper empirically investigates the underlying determinants of expenditure decentralization, based on the … predictions of a new political economy model of partial decentralization. The analysis is based on an agency model, in which two … decentralization is endogenous and depends on the relative political conditions prevailing at each level of government. Consistent with …
Persistent link: https://www.econbiz.de/10010354073
This is the introductory essay for the Economics of Federalism, a book edited by the authors and forthcoming in Edward … competitive federalism, stems from Tiebout's 1956 article. It focuses on the horizontal structure of federalism and examines … fiscal federalism, examines the vertical structure of federalism, or the division of public services and taxing power between …
Persistent link: https://www.econbiz.de/10012734740
necessarily constrained by the weakness of local tax administration. Tax decentralization and the decentralization of tax …
Persistent link: https://www.econbiz.de/10013011413
We show that imposition of a state-level environmental tax in a federation crowds out pre-existing federal taxes. We explain how this vertical fiscal externality can lead unilateral state-level environmental policy to generate a welfare gain in the implementing state, at the expense of other...
Persistent link: https://www.econbiz.de/10011753298
Federalism and international trade regulation are popular topics in the legal literature, but the intersection of these … of U.S. and Canadian federalism, and by considering the effect of these countries' federal structures on their …
Persistent link: https://www.econbiz.de/10014170587
Prevailing accounts of the efficiency of subsidies for the nonprofit sector presume that the only alternative source of public goods is a single sovereign, controlled by a single median voter. Tiebout sorting, however, also provides citizens with alternative bundles of public goods. When these...
Persistent link: https://www.econbiz.de/10014181164
-dependence in combination with a system of asymmetric federalism has led to a distinctively multi-jurisdictional model of corporate …
Persistent link: https://www.econbiz.de/10014200253
federal governments, and financed in capital markets. Markets can supplement federalism. A key advantage of debt markets is … are politicians up the federalism hierarchy. This paper examines the financial relationship and programs of the federal … combination of federalism and capital markets …
Persistent link: https://www.econbiz.de/10014060625
This paper empirically investigates the underlying determinants of expenditure decentralization, based on the … predictions of a new political economy model of partial decentralization. The analysis is based on an agency model, in which two … decentralization is endogenous and depends on the relative political conditions prevailing at each level of government. Consistent with …
Persistent link: https://www.econbiz.de/10013053063
This paper empirically investigates the underlying determinants of expenditure decentralization, based on the … predictions of a new political economy model of partial decentralization. The analysis is based on an agency model, in which two … decentralization is endogenous and depends on the relative political conditions prevailing at each level of government. Consistent with …
Persistent link: https://www.econbiz.de/10013053111