Buzzacchi, Luigi; Turati, Gilberto - In: CESifo economic studies : CESifo, a joint initiative of … 60 (2014) 4, pp. 747-779
We study the institutional solutions needed in a decentralized framework to cope with the potential adverse welfare effects caused by localized negative shocks, that impact on the provision of public services and that can be limited by precautionary investments. We consider first a public relief...
