This paper compares the impact of two equalization transfer schemes on regional budgetary choices: a gross equalization scheme, where ex-post transfers to regions are financed from federal tax revenues, and a net equalization scheme, where region-to-region ex-post transfers allocated by the...

Dans cet article, nous dérivons de façon endogène le phénomène de contrainte budgétaire molle dans le cadre d’une fédération lorsque les décisions budgétaires sont prises au niveau décentralisé. Dans ce modèle, la mollesse de la contrainte budgétaire régionale découle de...

This paper analyses the impact of funding source of the bailout on the softness of the regional budget constraint. We show that the funding source of the bailout has a considerable impact both on the credibility of the federal government's commitment and on the regional opportunistic behaviour....

This paper analyses the impact of both the nature of regional public spending and the federal government’s fiscal tools on the softness of the regional budget constraint and the regional provision of public good. We show that i) whatever the nature of regional public spending, the regional...

In this article, we endogenously derive the soft budget constraint phenomenon in a federation when fiscal decisions are delegated to regions. In this framework, the softness of the regional budget constraint results from federal government cross-subsidization objective. We analyse the impact of...

This paper compares the impact of two equalization transfer schemes on regional budgetary choices: a gross equalization scheme, where ex-post transfers to regions are financed from federal tax revenues, and a net equalization scheme, where region-to-region ex-post transfers allocated by the...

Models of tax competition usually assume a single period framework. This paper sets up a repeated interactions model of tax competition, and establishes conditions under which fiscal policy harmonization can result from repeated interactions between governments. It is shown that fiscal policy...

Models of tax competition usually assume a single period framework. This paper sets up a repeated interactions model of tax competition, and establishes conditions under which fiscal policy harmonization can result from repeated interaction between governments. It is shown that fiscal policy...

Cet article a pour but de demontrer la viabilite des politique de taxation du capital dans une economie mondiale a deux pays avec imparfaite substituabilite des capitaux. Les agents sont altruistes et donnent une partie de leur patrimoine a leurs enfants. La presence d'une contrainte sur les...

Nous developpons un modele dans lequel les gouvernement peuvent s'exhanger des informations sur les investissements effectues sur leur territoire par les agents etrangers.