A Note on Public Goods in a Decentralized Fiscal Union : Implications of a Participation Constraint

• This paper re-examines the question of whether federal ex-post redistribution in terms of public funds leads to under-provision of public goods when member states may leave the economic federation. We show that federal ex-post redistribution under a binding participation constraint does not necessarily mean under-provision of local and federal public goods.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economics (hsv//eng)

Nyckelord

Public goods

Fiscal federalism

Ex-post redistribution

Participation constraint

Economics

nationalekonomi

Publikations- och innehållstyp

ref (ämneskategori)

art (ämneskategori)