The vast majority of federations lack exit clauses. Existing theoretical explanations of this stylized fact focus on … explain the adoption by the European Union (EU) of Article 50, which allows withdrawal. I contend and demonstrate empirically … that in the case of the EU, an exit-voice logic lies at the basis of Article 50. More generally, in heterogeneous (quasi …

The vast majority of federations lack exit clauses. Existing theoretical explanations of this stylized fact focus on … explain the adoption by the European Union (EU) of Article 50, which allows withdrawal. I contend and demonstrate empirically … that in the case of the EU, an exit-voice logic lies at the basis of Article 50. More generally, in heterogeneous (quasi …

the EU and the mernber states. It takes the theory of fiscal federalism as a starting point for an optimal allocation of …

American “we-do-federalism-right” triumphalism. In the United States, as in Europe, subordinate governments are beset by … governments. That commitment was once the glory of American federalism. Over the past decade, however, the no-bailout commitment … has effectively collapsed. Its demise entails fundamental changes in American federalism, none of them encouraging. After …

historical experiences with higher-level governments can plausibly raise demands for exit strategies and a devolution of power … three referenda and less euroscepticism in European elections. Survey evidence supports exit and integration as two …

This paper analyzes the impact of fiscal federalism on income inequality and redistribution. Theoretically …