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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
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 levels of government are involved in the provision of a...
Persistent link: https://www.econbiz.de/10010354073
-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
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
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
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
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
We examine the ability of immigrants to transfer the occupational human capital they acquired prior to immigration. We first augment a model of occupational choice to study the implications of language proficiency on the cross-border transferability of occupational human capital. We then explore...
Persistent link: https://www.econbiz.de/10012130639
We analyze the process of immigrant selection and occupational outcomes of International Medical Graduates (IMGs) in the US and Canada. We extend the IMG relicensing model of Kugler and Sauer (2005) to incorporate two different approaches to immigrant selection: employer nomination systems and...
Persistent link: https://www.econbiz.de/10009690559