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centralization that will be adopted, and that asymmetric forms of federalism are often consequences of ongoing negotiations between … convention. In each case, an asymmetric form of federalism is the predicted outcome, although the degree of asymmetry differs …
Persistent link: https://www.econbiz.de/10012767327
paper compares three regimes (centralization, decentralization and federalism) in an economy where individuals choose their … move from decentralization to federalism, called moral federalism, is welfare improving behind the veil of ignorance if and … only if centralization dominates decentralization, and (ii) for the group that favors a restrictive policy moral federalism …
Persistent link: https://www.econbiz.de/10011450084
. We show the potential existence of a poverty trap as a result of decentralization in taxation decisions. …
Persistent link: https://www.econbiz.de/10011762207
Persistent link: https://www.econbiz.de/10012584721
paper compares three regimes (centralization, decentralization and federalism) in an economy where individuals choose their … move from decentralization to federalism, called moral federalism, is welfare improving behind the veil of ignorance if and … only if centralization dominates decentralization, and (ii) for the group that favors a restrictive policy moral federalism …
Persistent link: https://www.econbiz.de/10010261228
governments and, thereby, enable a more precise characterization of local government behaviour in fiscal federalism. …
Persistent link: https://www.econbiz.de/10010264427
This paper examines capital tax competition in the presence of an interstate transfer policy without federal commitment. Lack of commitment implies that tax policy is chosen prior to federal transfers. The paper s main result is that ex-post federal policy internalizes horizontal fiscal...
Persistent link: https://www.econbiz.de/10011507899
economics and public finance may have to say on the limits to institutional decentralization, i.e. on the choice between federal …
Persistent link: https://www.econbiz.de/10011409762
This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit...
Persistent link: https://www.econbiz.de/10012779700
evoked of what economics and public finance may have to say on the limits to institutional decentralization, i.e. on the …
Persistent link: https://www.econbiz.de/10013320544