Gehring, Kai; Kotsogiannēs, Chrēstos; Marchesi, Silvia - 2013
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 …