federal systems (Oates: laboratory federalism). Based upon Hayekian ideas of the advantages of decentralised experimentation …

, this paper argues that decentralization can have a positive impact on the so-called triggers and accelerators (short- and …

enterprises. Fiscal decentralization combined with monetary centralization (i.e. fiscal federalism) may achieve not only hard … village levels. We study the effect of regional decentralization on soft budget constraints in these enterprises. We show that …. Decentralization of monetary authority leads to a softening of local governments' budget constraints, however, as well as those of …

conflicts and endogenous decentralization, dealing with the structure and borders of jurisdictions. …

transition to a market economy. (JEL E62, E63, H7, L30, P3) <p> Key Words: Soft Budget Constraints, Federalism, Decentralization … are determined by the tradeoff between political benefits and economic costs, the latter depending on the decentralization … of government. Two effects of federalism are derived: First, fiscal competition among local governments under factor …

federalism" (whether decentralization favours innovation) and of "yardstick competition" (what are the effects of comparisons of …

are co-partisans with presidents, while senators support decentralization regardless of such party ties. When House … with decentralization …

The fiscal decentralization impulse now sweeping the world often leads to partial decentralization, where subnational … arrangement, the literature contains no economic analysis of a partial decentralization regime in a Tiebout-style model. This …