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Fiscal Equity In Federal Systems

Brennan, Geoffrey; Pincus, Jonathan J.

Description

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]

CollectionsANU Research Publications
Date published: 2010-12-31
Type: Journal article
URI: http://hdl.handle.net/1885/100845
Source: Review of Law & Economics
DOI: 10.2202/1555-5879.1543

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