of centralization stressed in the existing literature disappear, suggesting that the case for decentralization must be … driven by political economy considerations. Our political economy analysis assumes that under decentralization public goods … and legislative behavior in determining the case for centralization …

The rise of centralized mining pools for risk sharing does not necessarily undermine the decentralization required for … decentralization, because larger pools better internalize their externality on global hash rates, charge higher fees, attract …

national state based on the political agenda effect. State centralization induces citizens of different backgrounds, interests … investments in conflict capacity. In the absence of state centralization, citizens do not necessarily band together because of … social democratic party may sometimes induce state centralization (by removing the commitment value of a non …

response. In this paper, we explore the effect that competition for residents induced by fiscal decentralization has on 'waste … an additional advantage of fiscal decentralization …

decentralization could achieve. In property tax equilibrium centralization is frequently more efficient! An externality in community …-best allocation and show efficiency can be implemented with decentralization using head taxes. We calibrate the model and compare … decentralization and property taxation are large, dissipating most if not all the potential welfare gains that efficient …