minimizing informational spillovers. To address this failure, we introduce a dynamic form of federalism in which the central …

-off. -- Fiscal federalism ; policy centralization ; political economy …This paper analyzes the relationship between the size of an economic union and the degree of policy centralization. We … consider a political economy setting in which elected representatives bargain about the degree of centralization within the …

decentralized political systems, this study shows that centralization is likely to result in higher accountability if election … performance across regions. -- accountability ; federalism ; decentralization ; retrospective voting ; Condorcet Jury Theorem …

, it is shown that centralization is likely to result in higher accountability if election choices are subject to small …. -- accountability ; federalism ; decentralization ; retrospective voting …

centralized and decentralized decision making. It is shown that tuition fees fully crowd public funds under centralization and … centralization although the opposite holds when funding is restricted to be public. …

funds under centralization, whereas educational quality improves under decentralization. However, if the government has full … discretion about the tuition fee level, centralization leads to the efficient quality, fully extracting the income gains from the … graduates, while decentralization typically induces inefficiently low spending levels. -- higher education ; federalism …