We propose a theory of tax centralization in politico-economic equilibrium. Taxation has dynamic general equilibrium … spending and taxation and create a role for inter governmental grants. The model provides an explanation for the centralization …

minimizing informational spillovers. To address this failure, we introduce a dynamic form of federalism in which the central …

-agent framework, it analyzes two alternative policy-decision schemes - "decentralization" and "centralization" - when "knowledge …

-off. -- Fiscal federalism ; policy centralization ; political economy …This paper analyzes the relationship between the size of an economic union and the degree of policy centralization. We … consider a political economy setting in which elected representatives bargain about the degree of centralization within the …

decentralized political systems, this study shows that centralization is likely to result in higher accountability if election … performance across regions. -- accountability ; federalism ; decentralization ; retrospective voting ; Condorcet Jury Theorem …

, it is shown that centralization is likely to result in higher accountability if election choices are subject to small …. -- accountability ; federalism ; decentralization ; retrospective voting …

centralized and decentralized decision making. It is shown that tuition fees fully crowd public funds under centralization and … centralization although the opposite holds when funding is restricted to be public. …