This paper elucidates public finance on the coopetition model of fiscal policy. The mix of competition and cooperation finds the relation between democracy and market. The conjunction of democracy and market is society and its demography. This paper focuses on the field of public economics where...

The main tax income for the sub-national governments in Estonia is personal income tax (PIT), which is shared between central and local governments. Since 2004, the share of that tax which is allocated to local governments has been steadily growing. Also, various grants from the central budget...