A rigorous understanding of the developmental effect of fiscal transfers to subnational governments remains an important policy research issue globally. This paper exploits a novel dataset of 20 years of municipal poverty maps and local public finances to study the effects on local welfare of a...

What determines the distribution of information acquired within the hierarchy of a public organization? Without market processes, the generation and absorption of information in bureaucracy relies on individual actors undertaking costly action to acquire it. This paper reports on comparisons...