We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of … the local level. This renders the degree of tax centralization and the tax burden determinate even if none of the … traditional, expenditure-related motives for centralization considered in the fiscal federalism literature is present. If central …

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 …

-agent framework, it analyzes two alternative policy-decision schemes - "decentralization" and "centralization" - when "knowledge …

́information is more relevant (centralization). The empirical analysis confirms that the importance of donors ́private information …

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 …

Centralization of public procurement can lower prices for the government's direct purchase of goods and services. This …