ubiquitous during the pandemic. This paper studies the efficiency of decentralized leadership in federations in which hybrid work … first show that decentralized leadership is inefficient if the center controls income transfers only. This result provides … decentralized leadership is efficient whenever the center controls both income and earmarked transfers. However, this is not the …

This paper studies the efficiency of decentralized leadership in federations where selfish regional governments provide …. Without residential mobility, unlimited decentralized leadership is efficient only if the center implements redistributive … policies perfectly align the incentives of the selfish regional governments. With imperfect residential mobility, decentralized …

This paper studies the efficiency of decentralized leadership in federations where selfish regional governments provide …. Without residential mobility, unlimited decentralized leadership is efficient only if the center implements redistributive … policies perfectly align the incentives of the selfish regional governments. With imperfect residential mobility, decentralized …

This paper concerns optimal taxation and public goods in an economic federation with decentralized leadership, where … leadership reinforces the incentives created by decentralized leadership. …