attention in future research: a wider range of political distortions beyond capture and corruption; effects of decentralization …I provide a critical overview of the literature on political decentralization. After reviewing first- and second …-generation theories of federalism, I describe recent empirical studies focusing mainly on determinants of capture and local government …

Can decentralization of firms be successful in an environment with weak institutions? Decentralization can do a great …-making and enhancing motivation of employees. However, decentralization is associated with a substantial increase in agency risk … real decentralization for firms that decentralize decision-making to competitively hired professionals and cautious …

tenative, since there remain questions about transparency and soft budget constraints (Plekhanov 2006). We show federalism at … allocations and spending requirements. Supportive of the conclusion in Chebankova (2008), the term adaptive federalism applies to …