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Fiscal Federalism and Electoral Accountability

Aidt, Toke; Dutta, Jayasri - CESifo - 2010

. We identify an important asymmetry between positive and negative externalities and show that centralization may not be … efficient in economies with positive externalities even when regions are identical and centralization does not entail a loss of … accountability. We also show that decentralization can only Pareto dominate centralization in economies with negative externalities. …

Persistent link: https://www.econbiz.de/10008583690

Decentralized leadership

Silva, Emilson C. D. - 2016

This paper studies the efficiency of decentralized leadership in federations where selfish regional governments provide regional and federal public goods and the benevolent central government implements interregional earmarked and income transfers. Without residential mobility, unlimited...

Persistent link: https://www.econbiz.de/10011524602

Selective Decentralized Leadership

Delfino Silva, Emilson - 2013

In a federation with decentralized leadership, many regional governments provide multiple types of public goods and the center implements interregional income transfers. The symmetric perfect equilibrium under unlimited decentralized leadership is inefficient because regional public goods are...

Persistent link: https://www.econbiz.de/10013074123

Do Elections Always Motivate Incumbents? Experimentation vs. Career Concerns

Le Borgne, Eric - 2006

This paper studies a principal-agent model of the relationship between an incumbent officeholder and the electorate, where the officeholder is initially uninformed about her ability. If officeholder effort and ability interact in the production function that determines performance in office,...

Persistent link: https://www.econbiz.de/10012783048

Decentralized Leadership

Delfino Silva, Emilson - 2016

Persistent link: https://www.econbiz.de/10012981293

The Political Economy of Environmental Taxes with an Aging Population

Ono, Tetsuo - 2014

This paper develops a two-period overlapping-generations model with environmental externalities and uncertain lifetimes … negative effect on the tax and has a positive effect on the quality. In addition, the political decision-making on the tax …

Persistent link: https://www.econbiz.de/10014221688

On the Political Economy of Green Tax Reforms

Aidt, Toke Skovsgaard - 2014

This paper offers a political model of green tax reforms in which the use of the revenue from the ecotax is an integrated part. We use the model to explain why and when a link between an ecotax and cuts in other non-environmental taxes can be expected. In our model, green tax swaps arise because...

Persistent link: https://www.econbiz.de/10014074454

Efficient decentralized leadership under hybrid work and attachment to regions

Aoyama, Naoto; Silva, Emilson C. D. - In: Games 14 (2023) 2, pp. 1-18

Under the 'new normal' in the labor market, individuals can work remotely or in person, a hybrid work mode that became ubiquitous during the pandemic. This paper studies the efficiency of decentralized leadership in federations in which hybrid work is the modus operandi. Self-interested regional...

Persistent link: https://www.econbiz.de/10014422292

Curbing Power or Progress? Governing with an Opposition Veto

Morgenstern, Albrecht - 2004

Veto institutions are often dominated by government opponents with rival electoral and policy interests (e.g. \divided government"). I investigate the tradeoff between policy control and policy blockade when both the government and the veto party may cater to opposing special interests. The...

Persistent link: https://www.econbiz.de/10010263107

Inequality Aversion and the Optimal Composition of Government Expenditure

Creedy, John; Li, Shuyun May; Moslehi, Solmaz - 2014

This paper examines the choice between government expenditure on public goods and transfer payments, in the form of a pension, in an overlapping-generations model. Government expenditure is tax-financed on a pay-as-you-go basis. A utilitarian judge chooses expenditures to maximize a social...

Persistent link: https://www.econbiz.de/10014189762