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Who do you blame in local finance? : an analysis of municipal financing in Italy
Bordignon, Massimo; Piazza, Santino - 2010
A 1999 reform allowed Italian Mayors to partially substitute a more accountable source of tax revenue (the property tax) with a less transparent one (a surcharge on the personal income tax). Theoretical analysis suggests this should give incompetent Mayors a less costly way to hide themselves,...
Persistent link: https://www.econbiz.de/10003979382
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Who do you blame in local finance? : an analysis of municipal financing in Italy
Bordignon, Massimo; Grembi, Veronica; Piazza, Santino - 2015
In a political agency model, we study the effect of introducing a less transparent tax tool for the financing of local governments. We show that lower quality politicians would use more the less transparent tax tool to enhance their probability of re-election. This prediction is tested by...
Persistent link: https://www.econbiz.de/10011775830
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Determinants of Tax Rates in Local Capital Income Taxation : A Theoretical Model and Evidence from Germany
Buettner, Thiess - 2021
In a theoretical model local jurisdictions provide a public input and a public consumption good financed by a tax on capital income. When deciding about tax rate and budget structure the jurisdictions will generally respond to each others fiscal choices irrespective of whether the policy is more...
Persistent link: https://www.econbiz.de/10013320938
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Market mechanisms in public service provision
Blöchliger, Hansjörg - 2018
This paper compares and analyses the use of market mechanisms in core sub-central policy areas, namely education, health care, transport, social protection, and environment. Arrangements like tendering, outsourcing, user choice and competition, user fees and performance-related funding can help...
Persistent link: https://www.econbiz.de/10012454570
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Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth
Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective … altruistic transfers by Pareto-efficient public redistribution. The chapter is organized as follows. Section 2 presents an …
Persistent link: https://www.econbiz.de/10014023678
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Distributional consequences of political representation : conference paper
Maaser, Nicola; Stratmann, Thomas - 2014
We investigate the geographical concentration of representatives and the distribution of fiscal transfers both theoretically and empirically. We develop a model which predicts that funds to an area are positively correlated with the number of representatives residing in that area. Our empirical...
Persistent link: https://www.econbiz.de/10010489270
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The Impact of Fiscal Decentralization on Economic Development
Pasichnyi, Mykola - 2019
. The relationship between the proper level of fiscal decentralization and economic growth for 27 advanced and emerging … associated with lower growth rates, while expenditures decentralization could slightly encourage economic development. The … overall decentralization indicator adversely affected the growth, but that interconnection was not robust. The empirical …
Persistent link: https://www.econbiz.de/10012865398
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Coalition governments, cabinet size, and the common pool problem : evidence from the German states
Baskaran, Thushyanthan - 2013
Persistent link: https://www.econbiz.de/10009765528
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A Situational Theory of Pork-Barrel Politics : The Shifting Logic of Discretionary Allocations in India
Sharma, Chanchal Kumar - 2017
Despite the extensive literature on distributive politics, we still lack a theory of how political and fiscal institutions interact to shape the pork‐barrelling ability of national leaders in a federal parliamentary democracy. Focusing on party system attributes and governmental incentives...
Persistent link: https://www.econbiz.de/10012961257
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Evidence on the Political Principal-Agent Problem from Voting on Public Finance for Concert Halls
Potrafke, Niklas - 2013
Principal-agent problems can arise when preferences of voters are not aligned with preferences of political representatives. Often the consequence of the political principal-agent problem is political catering to special interests. In this paper I provide examples of principal-agent problems...
Persistent link: https://www.econbiz.de/10013079370