decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment … through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. …

decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment … through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. …

unstructured bargaining gives an inefficient result. We find, however, that efficiency is achieved with fully homogenous countries …, entails a tradeoff between equality and efficiency. We also analyze alternative institutions and find that majority rule can … improve efficiency if nations who prefer projects with high public good spillovers are endogenously selected to the majority …

decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment … through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. …

unstructured bargaining gives an inefficient result. We find, however, that efficiency is achieved with fully homogenous countries …, entails a trade-off between equality and efficiency. We also analyze alternative institutions and find that majority rule can … improve efficiency if nations who prefer projects with high public good spillovers are endogenously selected to the majority …

decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment … through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. JEL …

decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment … through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. …

decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment … through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. …

unstructured bargaining gives an inefficient result. We find, however, that efficiency is achieved with fully homogenous countries …, entails a tradeoff between equality and efficiency. We also analyze alternative institutions and find that majority rule can … improve efficiency if nations who prefer projects with high public good spillovers are endogenously selected to the majority …