An analysis of theoretical and applied issues in fiscal federalism and local public economics
This Thesis is a study of theoretical and applied issues in fiscal federalism and local public economics. The main theoretical issues to be examined include: (i) the welfare and provision implications of local public good externalities; (ii) the break-down of neutrality of lump-sum transfers when regions generate externalities and have different populations and marginal costs; (iii) the fly-paper effect; (iv) the inducement for independent political entities to federate; (v)...[Show more]
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