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minimizing informational spillovers. To address this failure, we introduce a dynamic form of federalism in which the central …
Persistent link: https://www.econbiz.de/10011862030
rivalry in consumption of the publicly provided good. We identify three sources of welfare loss from decentralization … characteristics of the publicly provided good are an important determinant for the welfare costs of decentralization. …
Persistent link: https://www.econbiz.de/10012061833
. We show the potential existence of a poverty trap as a result of decentralization in taxation decisions. …
Persistent link: https://www.econbiz.de/10011762207
A profound transformation has been worked in the law of the dormant Commerce Clause. Much contemporary scholarship and many modern decisions of the Supreme Court present the essential structure and content of the doctrine in the form that it held through the middle decades of the 20th century...
Persistent link: https://www.econbiz.de/10012968524
are co-partisans with presidents, while senators support decentralization regardless of such party ties. When House … with decentralization …
Persistent link: https://www.econbiz.de/10012854074
explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …-agent framework, it analyzes two alternative policy-decision schemes — ‘decentralization’ and ‘centralization’ — when ‘knowledge … government levels. It is shown that, depending on which level of policy decision making controls the degree of decentralization …
Persistent link: https://www.econbiz.de/10014153753
In a federation featuring decentralized leadership, regional governments compete by setting capital taxes in anticipation of the central government's fiscal-equalization and income-redistribution policies. As a benchmark, it is first demonstrated that the constrained socially optimal allocation...
Persistent link: https://www.econbiz.de/10013072725
This article develops a conceptual, methodological, and theoretical framework for analyzing dynamic decentralization in … decentralization and describes the seven-point coding scheme we employed to measure it across twenty-two policy areas and five fiscal … decentralization and discusses its five main properties: direction, magnitude, tempo, form, and instruments. Drawing from several …
Persistent link: https://www.econbiz.de/10012907195
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
The economic theory of federalism is largely built around the premise that more heterogeneous preferences result in … more decentralized policy-making. Despite its prominence and importance, this central tenet of economic federalism has … endogenous policy decentralization using liquor control in the United States over the period 1934 to 1970 as our case study. The …
Persistent link: https://www.econbiz.de/10014200725