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Political yardstick competition, economic integration, and constitutional choice in a federation

Bodenstein, Martin; Ursprung, Heinrich W. - 2001

This paper investigates the behavior of rent-seeking politicians in an environment of increasing economic integration. The focus of the paper is on the implications of globalization-induced political yardstick competition for constitutional design with a view to the current discussion in the...

Persistent link: https://www.econbiz.de/10011398918

James Buchanan’s theory of federalism : from fiscal equity to the ideal political order

Feld, Lars P. - 2014

The distinct characteristic in James Buchanan’s thinking about federalism in contrast to the traditional theory of … fiscal federalism is his view about fiscal competition. In this paper, it is demonstrated that this thinking went through … federalism literature and concerned with equity and efficiency issues. In the Leviathan approach starting from the midseventies …

Persistent link: https://www.econbiz.de/10010384955

Optimal secession rules

Bordignon, Massimo; Brusco, Sandro - 1999

Should the constitution of a federation allow for peaceful secession? Constitutionally defined secession rules are optimal ex post if the federation breaks down. However, they may be suboptimal ex ante if the member countries receive a benefit from the perceived long-term stability of the...

Persistent link: https://www.econbiz.de/10011443379

Regulation of Europe's network industries : the perspective of the new economic theory of federalism

Bickenbach, Frank - 2000

federalism". Basic ideas and some insights of this theory are discussed with regard to the appropriate "federal" allocation of … competencies it is argued that traditional economic theories of federalism should be complemented by contract-theoretic and … transaction-cost-political approaches. There has been some progress in recent years in developing such a "new economic theory of …

Persistent link: https://www.econbiz.de/10011491086