Showing 1 - 10 of 126,105
Persistent link: https://www.econbiz.de/10013442854
This paper investigates the behavior of rent-seeking politicians in an environment of increasing economic integration. The focus of the paper is on the implications of globalization-induced political yardstick competition for constitutional design with a view to the current discussion in the...
Persistent link: https://www.econbiz.de/10011398918
Persistent link: https://www.econbiz.de/10010495311
federalism". Basic ideas and some insights of this theory are discussed with regard to the appropriate "federal" allocation of … competencies it is argued that traditional economic theories of federalism should be complemented by contract-theoretic and … transaction-cost-political approaches. There has been some progress in recent years in developing such a "new economic theory of …
Persistent link: https://www.econbiz.de/10011491086
Should the constitution of a federation allow for peaceful secession? Constitutionally defined secession rules are optimal ex post if the federation breaks down. However, they may be suboptimal ex ante if the member countries receive a benefit from the perceived long-term stability of the...
Persistent link: https://www.econbiz.de/10011443379
Persistent link: https://www.econbiz.de/10001597735
This paper studies a constitutional framework that enables sustainable federative agreements. In the model, districts decide on local policies and envision the possibility of entering a federation. Focusing on rules for legislative bargaining in the federation, I find that a non-egalitarian...
Persistent link: https://www.econbiz.de/10001512863
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 …
Persistent link: https://www.econbiz.de/10010384955
Persistent link: https://www.econbiz.de/10012307980
Persistent link: https://www.econbiz.de/10013261081