Credit unions are small, cooperative, not-for-profit institutions; facts which usually distinguish them from other financial intermediaries. While respecting the unique organizational and institutional features of credit unions, the present study also accepts the need for rigorous efficiency...

It has been argued that evidence supporting the widely documented flypaper effect is a statistical artifact; more specifically that previous studies are compromised by the use of inappropriate functional forms and the endogeneity of intergovernmental grant programs. While the first issue may be...

This paper examines the empirical analysis of the five main hypotheses subsumed under the generic term fiscal illusion. After placing these hypotheses within a common theoretical framework, the paper attempts to evaluate empirical research into the revenue-complexity hypothesis, the...

Intergovernmental grants have been conventionally explained on the basis of either equity/efficiency and/or institutional considerations. This paper seeks to model Australian intergovernmental grants by including both traditional public finance variables and public choice influences; that is,...