The economics of federalism
An important development in public finance theory during recent years has been the emergence of the basic elements of a theory of fiscal federalism, based partly on the theory of public goods, partly on the theory of political process and partly on various aspects of location theory. The aim of the theory is to supply answers to basic and wide-ranging questions relating to the case for and the allocation of functions within a federal system, efficiency aspects of migration between...[Show more]
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