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Expenditure Competition
Gordon, Roger H. - 2001
response. In this paper, we explore the effect that competition for residents induced by fiscal decentralization has on 'waste … an additional advantage of fiscal decentralization …
Persistent link: https://www.econbiz.de/10012470537
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Endogenous Decentralization in Federal Environmental Policies
Chang, Howard - 2007
between the federal and state governments in such a scheme of partial decentralization. Our model suggests that the …
Persistent link: https://www.econbiz.de/10012465415
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Decentralization in Developing Economies
Gadenne, Lucie - 2013
Standard models of fiscal federalism suggest many benefits of decentralization in developing economies, and there has … been a recent push toward decentralization around the world. However, developing countries presently still have less … decentralization, particularly on the revenue side, than both developed countries today and the United States and Europe historically …
Persistent link: https://www.econbiz.de/10012459259
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Confidence, Crashes and Animal Spirits
Farmer, Roger E.A. - 2009
This paper presents a model of the macroeconomy that reformulates what I take to be two important ideas from Keynes General Theory. The first is that there may be a continuum of steady state unemployment rates. The second is that beliefs select an equilibrium. I argue that search and matching...
Persistent link: https://www.econbiz.de/10012463802
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Politics and Economics in Weak and Strong States
Acemoglu, Daron - 2005
While much research in political economy points out the benefits of "limited government," political scientists have long emphasized the problems created in many less developed nations by "weak states," which lack the power to tax and regulate the economy and to withstand the political and social...
Persistent link: https://www.econbiz.de/10012467409
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Experimentation in Federal Systems
Callander, Steven - 2013
We present a model where heterogeneous districts choose both whether to experiment and the policies to experiment with. Since districts learn from each other, the first-best requires that policy experiments converge so that innovations are useful also for neighbors. However, the equilibrium...
Persistent link: https://www.econbiz.de/10012459061
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Risks in China’s Financial System
Song, Zheng Michael - 2018
Motivated by growing concerns about the risks and instability of China's financial system, this article reviews several commonly perceived financial risks and discusses their roots in China's politico-economic institutions. We emphasize the need to evaluate these risks within China's unique...
Persistent link: https://www.econbiz.de/10012453483
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Sorting with Team Formation
Boerma, Job; Tsyvinski, Aleh; Zimin, Alexander P. - National Bureau of Economic Research - 2021
We fully solve an assignment problem with heterogeneous firms and multiple heterogeneous workers whose skills are imperfect substitutes, that is, when production is submodular. We show that sorting is neither positive nor negative and is characterized sufficiently by two regions. In the first...
Persistent link: https://www.econbiz.de/10012629510
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Work and Consumption in an Era of Unbalanced Technological Advance
Friedman, Benjamin M. - 2015
Keynes's "Grandchildren" essay famously predicted both a rapid increase in productivity and a sharp shrinkage of the workweek - to fifteen hours - over the century from 1930. Keynes was right (so far) about output per capita, but wrong about the workweek. The key reason is that he failed to...
Persistent link: https://www.econbiz.de/10012456957
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The economics of artificial intelligence : an agenda
Agrawal, Ajay (ed.); Gans, Joshua (ed.); Goldfarb, Avi (ed.) - NBER Conference on the Economics of Artificial …; … - 2019
Persistent link: https://www.econbiz.de/10011904305