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Should the constitution of a federation allow for peaceful secession? Constitutionally defined secession rules are … benefit from the perceived long-term stability of the federation and constitutionally defined secession rules increase the … secession rules. If transfers are costly, the trade off is present even if ex post renegotiation is allowed. Finally, we show …
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social welfare by preventing secession wars. This finding runs counter to the dominant view in the literature that exit …
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Should the constitution of a federation allow for peaceful secession? Constitutionally defined secession rules are … benefit from the perceived long-term stability of the federation and constitutionally defined secession rules increase the … secession rules. If transfers are costly, the trade off is present even if ex post renegotiation is allowed. Finally, we show …
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