Showing 1 - 10 of 208
standard-setting with two means of interventionist harmonization: through centralization and through allocation of lawmaking …We study the desirability of interventionist harmonization of legal standards across multiple, mutually interdependent … delineating the scope for, and the appropriate means of, interventionist harmonization. We find that greater jurisdictional …
Persistent link: https://www.econbiz.de/10010270515
federalism in which centralization is less likely to occur where budget referendums are possible. The reason for this result is … that budget referendums reduce the extent to which pro-centralization regions can commit to a low level of spending … delegating the centralization choice to elected poli-cymakers. In addition, it reduces the ability of higher level policy …
Persistent link: https://www.econbiz.de/10010315338
This paper analyzes the relationship between the size of an economic union and the degree of policy centralization. We … consider a political economy setting in which elected representatives bargain about the degree of centralization within the … outcome. We show that the relationship between the size of the union and centralization may be non-monotonic: Up to a certain …
Persistent link: https://www.econbiz.de/10010275669
This paper shows that under imperfect competition the welfare effects of indirect tax harmonization may depend …, while harmonization always makes at least one country better off, and may be Pareto-improving, when taxes are levied under … the destination principle (which currently applies in the European Union), harmonization of origin-based taxes (as …
Persistent link: https://www.econbiz.de/10010315221
global regime of patent protection and asking whether harmonization of patent policies is necessary or sufficient for global …
Persistent link: https://www.econbiz.de/10010315276
This paper analyzes the setting of national patent policies in the global economy. In the standard model with free trade and social-welfare-maximizing governments à la Grossman and Lai (2004), cross-border positive policy externalities induce individual countries to select patent strengths that...
Persistent link: https://www.econbiz.de/10010277393
Centralization of public procurement can lower prices for the government's direct purchase of goods and services. This …
Persistent link: https://www.econbiz.de/10014290184
Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal conservation contract, (iii) when the donor prefers contracting with central rather than local governments, and (iv) how the donor’s presence may induce institutional change....
Persistent link: https://www.econbiz.de/10010531820
This paper compares the decentral organization of unemployment insurance in member states of a state union with the central organization at the upper union’ level. In a model of two countries the labor force and the firm owners can migrate between the states. Labor markets exhibit unemployment...
Persistent link: https://www.econbiz.de/10011815791
. We conclude that a more robust policy framework with substantial centralization of procurement, stockpiling and …
Persistent link: https://www.econbiz.de/10012207987