The vast majority of federations lack exit clauses. Existing theoretical explanations of this stylized fact focus on … explain the adoption by the European Union (EU) of Article 50, which allows withdrawal. I contend and demonstrate empirically … that in the case of the EU, an exit-voice logic lies at the basis of Article 50. More generally, in heterogeneous (quasi …

minimizing informational spillovers. To address this failure, we introduce a dynamic form of federalism in which the central …

competencies it is argued that traditional economic theories of federalism should be complemented by contract-theoretic and … federalism". Basic ideas and some insights of this theory are discussed with regard to the appropriate "federal" allocation of …

The distinct characteristic in James Buchanan’s thinking about federalism in contrast to the traditional theory of … fiscal federalism is his view about fiscal competition. In this paper, it is demonstrated that this thinking went through … federalism literature and concerned with equity and efficiency issues. In the Leviathan approach starting from the midseventies …