Central Funding of Local Public Works.

This paper formalises a three-tier administrative hierarchy. A benevolent federal government must decide how to fund an indivisible local public work, planned to be undertaken by a single firm. But the federal government observes neither the cost nor the local benefit of the project. To obtain this information, he relies on the loval authority which gains from the effective realization of the project.

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Year of publication:	1999
Authors:	Besfamille, M.
Institutions:	Groupe de Recherche en Économie Mathématique et Quantitative (GREMAQ), Toulouse School of Economics (TSE)
Subject:	ASYMETRIC INFORMATION \| PUBLIC GOODS \| SOCIAL CHOICE \| DECENTRALIZATION

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Series:	Toulouse - GREMAQ.
Type of publication:	Book / Working Paper
Notes:	47 pages
Classification:	D6 - Welfare Economics ; D82 - Asymmetric and Private Information ; H4 - Publicly Provided Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005639393