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Motivated by China's experience in the reform era, we study the fiscal relations between central and local governments embedded in a vertical control system with local officials appointed by the central government. The probability of their re-appointment depends, in part, on how well they...
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This paper generalizes the axiomatic approach to the design of income inequality measures to the multiattribute context. While the extension of most axioms considered desirable for inequality indices is straightforward, it is not entirely clear when a situation is more unequal than another when...
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