Showing 1 - 10 of 111
The period before the crisis was characterised by a big push for labour market deregulation around the world. This text, while posing some critical question in regards to excessive regulation, examines the beneficial effects of labour market institutions, when they are well designed. Organized...
Persistent link: https://www.econbiz.de/10011025887
This paper discusses the problem of optimal design of a jurisdiction structure from the view point of a welfarist social planner when households with identical utility functions for non-rival public good and private consumption have private information about their contributive capacities. It...
Persistent link: https://www.econbiz.de/10010933805
federalism and without limitation to relations and processes fully observable. Three points are made. Even in the case of …
Persistent link: https://www.econbiz.de/10010821132
What is the optimal wat to stabilize shocks and to take care of fiscal discipline in a fiscal union ? Among the various possible ways, this paper focuses on an inter-countries insurance scheme conditioned by the national preference for the fiscal discipline of each government. We will show that...
Persistent link: https://www.econbiz.de/10008792880
Longtemps négligées et jamais vraiment traitées, les questions budgétaires figurent parmi les dossiers les plus sensibles de la construction européenne. La situation budgétaire actuelle apparaît assez atypique ce qui soulève de nombreuses questions et incertitudes pour l'avenir....
Persistent link: https://www.econbiz.de/10008793894
We introduce political economics into the soft budget constraint problem by asking if the timing of elections has the potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is worse - with synchronized elections, i.e....
Persistent link: https://www.econbiz.de/10008795801
We introduce political economics into the soft budget constraint problem by asking if the timing of elections has the potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is worse - with synchronized elections, i.e....
Persistent link: https://www.econbiz.de/10010603662
The ICMS-Ecológico is a fiscal transfer mechanism from states to municipalities, implemented in the early 1990's in Brazil, to reward municipalities for the creation and management of protected areas. This paper investigates the efficiency of this mechanism by testing for the presence of...
Persistent link: https://www.econbiz.de/10010899635
We introduce political economics into the soft budget constraint problem by asking if the timing of elections has the potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is worse - with synchronized elections, i.e....
Persistent link: https://www.econbiz.de/10010899972
changes in households' mobility. We show that an increase in household mobility favors centralization, as it increases … competition between jurisdictions in the decentralized regime and accelerates migration to the majority jurisdiction in the … equilibrium level of public good provision is lower, and mobility again favors centralization. If jurisdictions maximize total …
Persistent link: https://www.econbiz.de/10009399196