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Centralization Trade-off with Non-Uniform Taxation

Gregor, Martin; Tuchyňa, Peter - In: Czech Economic Review 1 (2007) 3, pp. 223-253

When local public goods are provided by a centralized authority, spillovers are internalized, but heterogeneity in preferences may be suppressed. Besley and Coate (2003) recently examined this classic trade-off for a uniform tax regime with strategic delegation. Here, we extend their approach by...

Persistent link: https://www.econbiz.de/10005067739

Centralization Trade-off with Non-Uniform Taxes

Gregor, Martin; Tuchyòa, Peter - Institut ekonomických studií, Univerzita Karlova v Praze - 2005

When local public goods are provided by a centralized authority, spillovers may be coordinated, but heterogeneity in preferences may be suppressed. Besley and Coate (2003) have already solved this classic trade-off for a uniform tax regime. Here, we extend their approach by allowing for a...

Persistent link: https://www.econbiz.de/10005698715

Is the pendulum swinging back? Policy and politics in the return of big government

MAGNANI, Marco; SERAVALLI, Gilberto - In: Rivista Internazionale di Scienze Sociali (2009) 1, pp. 61-84

In the era of «small government», policy was considered the right way to conceive the role of the state in society and in the economy. This was intended as a perspective able to reduce the room for politics, considered a (dangerous) clash of power and party interests, and ideology. Given the...

Persistent link: https://www.econbiz.de/10010571209

Capitalization of Fiscal Variables and Land Scarcity

Stadelmann, David; Billon, Steve - Center for Research in Economics, Management and the … - 2010

Fiscal packages usually capitalize into house prices. But if enough land for construction is available, housing developers can supply new houses and capitalization may disappear. We provide a theoretical model in which income taxes and public services capitalize at lower rates when housing...

Persistent link: https://www.econbiz.de/10008615272

Public housing units vs. housing vouchers: accessibility, local public goods, and welfare

Leung, Charles Ka Yui; Sarpca, Sinan; Yilmaz, Kuzey - Volkswirtschaftliche Fakultät, … - 2012

We develop a general equilibrium model of residential choice and study the effects of two housing aid policies, public housing units and housing vouchers. Land is differentiated by both residential accessibility and local public goods, and the provision levels of local public goods are...

Persistent link: https://www.econbiz.de/10011109274

Is the pendulum swinging back? Policy and politics in the return of big government

MAGNANI, Marco; SERAVALLI, Gilberto - In: Rivista Internazionale di Scienze Sociali 117 (2009) 1, pp. 61-84

Persistent link: https://www.econbiz.de/10010786916

Centralized and decentralized provision of public goods

Feidler, Janos; Staal, Klaas - Volkswirtschaftliche Fakultät, … - 2008

We model the trade-off between centralized and decentralized decision making over the provision of local public goods. Centralized decisions are made in a legislature of locally elected representatives, and this creates a conflict of interest between citizens in different jurisdictions. The...

Persistent link: https://www.econbiz.de/10005785787

Centralized versus Decentralized Provision of Local Public Goods: a Political Economy Analysis

Besley, Timothy J.; Coate, Stephen - C.E.P.R. Discussion Papers - 2000

This paper takes a fresh look at the trade-off between centralized and decentralized provision of local public goods. The point of departure is to model a centralized system as one in which public spending is financed by general taxation, but districts can receive different levels of local...

Persistent link: https://www.econbiz.de/10005791736

Rural roads and urban agglomeration economies: Benefits for town and country?

Bell, Clive - 2018

Do urban agglomeration economies enhance the social profitability of rural roads? When all goods are traded at … families. In a closed, two-good economy with mobile labour, the effects of agglomeration economies depend on the … presence of empirically plausible elasticities of agglomeration economies when preferences are Cobb-Douglas and urban …

Persistent link: https://www.econbiz.de/10011943880

The social profitability of rural roads in a small open economy: Do urban agglomeration economies matter?

Bell, Clive - 2020

In the presence of agglomeration economies, the effects of a rural roads programme depend not only on the reduction in …, accompanied by some return migration, provided both cross-price effects in production and consumption and agglomeration economies … are sufficiently small. With empirically plausible elasticities of agglomeration economies, urban households may be worse …

Persistent link: https://www.econbiz.de/10012424124