paper compares three regimes (centralization, decentralization and federalism) in an economy where individuals choose their … move from decentralization to federalism, called moral federalism, is welfare improving behind the veil of ignorance if and … only if centralization dominates decentralization, and (ii) for the group that favors a restrictive policy moral federalism …

The economic theory of federalism is largely built around the premise that more heterogeneous preferences result in … more decentralized policy-making. Despite its prominence and importance, this central tenet of economic federalism has …

in law-making. Distributive federalism is another expression of the consensus mechanism. Looking at all these mechanisms …

This paper surveys the state of fiscal federalism in India, in the broader context of decentralization. We begin with …