Fiscal Equity In Federal Systems
This paper examines the normative foundations of fiscal equalization an issue handled, apparently decisively, in a classic paper by James Buchanan (1950). Contrary to Buchanan's claims, we argue that fiscal equalization requires extremely strong value judgements at least in the case where fiscal differences arise from the interaction of public goods provision under different population size effectively committing one to a Rawlsian maximin rule. Much weaker forms of the 'social welfare...[Show more]
|Collections||ANU Research Publications|
|Source:||Review of Law & Economics|
|01_Brennan_Fiscal_Equity_In_Federal_2010.pdf||Published Version||325.43 kB||Adobe PDF|
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