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decentralization to centralization can affect both the number and the type of lobbies. Under decentralization, if lobbies form they … reduce lobbying. However empirical evidence suggests that this is not always the case. This paper attempts to explain the … measure lobbying in two ways: (i) the number of lobbies formed under the two settings and, (ii) their impact on policy …
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(centralization) or two (decentralization) regulatory authorities, when the regulator(s) can be partially captured by industry. Under … that centralized regulation is preferable. Under asymmetric information about the firms' costs, lobbying induces a unique … between the goods is high enough, the firms' lobbying activity may be so strong that decentralizing the regulatory structure …
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The optimal degree of decentralization depends on the importance of inter-state externalities of local policies. We …
Persistent link: https://www.econbiz.de/10014050904
-agent framework, it analyzes two alternative policy-decision schemes - "decentralization" and "centralization" - when "knowledge … explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal … government levels. It is shown that, depending on which level of policy decision-making controls the degree of decentralization …
Persistent link: https://www.econbiz.de/10010126407
We develop a model of policy experimentation in federal systems in which heterogeneous districts choose both whether to experiment and the policies to experiment with. The prospect of informational spillovers implies that in the fi rst best the districts converge in their policy choice....
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