Public enterprise and local entrepreneurship in Europe and beyond -- Local government partnerships, economic development and enterprise -- Place and place-making -- Public enterprise, innovation and collaboration -- The enterprising local state? -- Towards a model of the new public enterprise --...

Public enterprise and local entrepreneurship in Europe and beyond -- Local government partnerships, economic development and enterprise -- Place and place-making -- Public enterprise, innovation and collaboration -- The enterprising local state? -- Towards a model of the new public enterprise --...

In this paper we use a simple bureaucracy model of fiscal illusion to analyze the impact of intergovernmental grants on the cost effciency of local jurisdictions. We find that a higher degree of redistribution within a system of fiscal equalization or an increase in the amount of grants received...