<title>Abstract</title> Quality of governance is a key for political accountability, hence, the importance of identifying its determinants. Here, we focus on one dimension of quality of governance: fiscal transparency. Drawing on a sample of 691 Catalan municipalities (2001--7), we estimate the factors...

We consider a federation with two layers of government, in which Leviathan policy makers levy an excise tax on a consumption good that generates a negative externality and that is produced in an imperfectly competitive market. When both layers of government are allowed to tax, policy choices are...

US cigarette excise tax rates are state interdependent. In contrast, we cannot reject the absence of interdependence for gasoline taxation, which shows a very high degree of inertia. A one-cent increase in the neighbors’ cigarette tax rate implies a contemporaneous cigarette tax increase of...

Depending on their degree of risk aversion, team managers might prefer those players who score a regular amount of points in each game of the season to those other players who, although on average do equally well or even better, are more inconsistent. However, sports statistics do not reflect...

In a decentralised tax system, the effects of tax policies enacted by one government are not confined to its own jurisdiction. First, if both the regional and the federal levels of government co-occupy the same fields of taxation, tax rate increases by one layer of government will reduce taxes...