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A popular argument about economic policy under uncertainty states that decentralisation offers the possibility to learn from local or regional policy experiments. We argue that such learning processes are not trivial and do not occur frictionlessly: Voters have an inherent tendency to retain a...
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This paper proposes a new perspective for studying decentralization by considering it as the unbundling of public goods … local) by one single provider held accountable by the voters via elections. We define decentralization as the unbundled … elections. This novel perspective allows us to identify two new effects of decentralization. The first effect provides an …
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