-agent framework, it analyzes two alternative policy-decision schemes - "decentralization" and "centralization" - when "knowledge … explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal … government levels. It is shown that, depending on which level of policy decision-making controls the degree of decentralization …

This study analyses a possible reason behind the ambiguous relationship between fiscal decentralization and government …, thereby increasing the level of aggregate government spending through fiscal decentralization. It is tested by employing a … comes into the picture, it dilutes the negative association, which is suggestive of the fact that fiscal decentralization …

public goods. Therefore, my findings indicate that decentralization can lead to a failure in the provision of local public …