The exemption of the nonprofit sector from the corporate income tax is an implicit subsidy that has received little attention in the nonprofit literature A fundamental question concerning this subsidy is its rationale. The present analysis suggests that the theoretical basis for the rationale...

This paper surveys recent research on decentralization and natural disasters. The first part discusses results from theoretical models that have been used to study the issues that arise when natural disasters occur in a country with more than one level of government. The next section discusses...