accountability. We also show that decentralization can only Pareto dominate centralization in economies with negative externalities. … exposed to electoral uncertainty. We show that centralization may, but need not, result in a loss of electoral accountability …. We identify an important asymmetry between positive and negative externalities and show that centralization may not be …

their performance? Using public choice and institutional economics theory this paper analyses what chances of success PPPs …

. Given this general framework, the convenience of decentralization versus centralization mainly depends on the interaction … comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …