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Indivisibilities are at the core of economic theory as rarely individuals can or want to limitlessly divide goods, inputs and activities, as well as related economic phenomena such as economies of scale, externalities and public goods. Indivisibilities help in explaining conflicts over social...
Persistent link: https://www.econbiz.de/10010857763
This paper uses a regression discontinuity design to estimate the impact of additional unrestricted grant financing on local public spending, public service provision, schooling, literacy, and income at the community (município) level in Brazil. Additional transfers increased local public...
Persistent link: https://www.econbiz.de/10011019696
A fundamental problem in public finance is that of allocating a given budget to financing the provision of public goods (education, transportation, police, etc.). In this paper it is established that when admissible preferences are those representable by continuous and increasing utility...
Persistent link: https://www.econbiz.de/10005370701
In this paper we propose an original model of competition for effective political power between majority and opposition coalitions. The model indicates that the electoral margin of the majority and the fragmentation of both coalitions are key variables that determine their effective political...
Persistent link: https://www.econbiz.de/10009246450
We compare a uniform voucher regime against the status quo mix of public and private education, focusing on the distribtuion of welfare gains and losses across households by income. We argue that the topping-up option available under uniform vouchers is not su¢ ciently valuable for the poorer...
Persistent link: https://www.econbiz.de/10009325639
This paper focuses on a two-period OLG economy with public imperfect observability over the intergenerational cooperative dimension. Individual endowment is at free disposal and perfectly observable. In this environment we study how a new mechanism, we call Self-Commitment-Institution (SCI),...
Persistent link: https://www.econbiz.de/10009386366
The theme of justice in the economics and, in particular, the theme of distributive justice is the subject of heated controversy as distributive justice raises critical questions such as, for example, in the case of migration or the inequality of wages. But the question of justice is also...
Persistent link: https://www.econbiz.de/10009421989
This paper focuses on a two-period OLG economy with public imperfect observability over the intergenerational cooperative dimension. Individual endowment is at free disposal and perfectly observable. In this environment we study how a new mechanism, we call Self-Commitment-Institution (SCI),...
Persistent link: https://www.econbiz.de/10009365636
The Journal of Public Finance and Public Choice began publication in 1983 under the title Economia delle scelte pubbliche, changing to its present title in 1998. Under either name, the Journal reflected the founding editor's (Domenico da Empoli) desire to amplify and extend the Italian...
Persistent link: https://www.econbiz.de/10012948300
This paper presents a model of nations where agents vote on the optimal level of public pending. Larger nations benefit from increasing returns in the provision of public goods, but bear the costs of greater cultural heterogeneity. This tradeoff induces agents' preferences over different...
Persistent link: https://www.econbiz.de/10014196298