Theory of Public Finance in a Federal State

By Dietmar Wellisch | Go to book overview
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1Fiscal Decentralization: Benefits and Problems1
1.1 Assignment of Government Functions and Mobility1
1.1.1Assignment of Government Functions1
1.1.2Mobility and Taxation: Empirical Facts3
1.2 Purpose, Justification, and Limits of the Study9
1.2.1Purpose of the Book9
1.2.2Justification of the Study10
1.2.3Limits of the Study13
1.3 Benefits of Fiscal Decentralization14
1.3.1Sensitivity to Diverse Regional Preferences14
1.3.2Preference Revelation by Household Mobility15
1.3.3Protecting the Interests of Future Generations15
1.3.4Restraining the Leviathan16
1.4 Problems of Fiscal Decentralization17
1.4.1Inefficient Interregional Resource Allocation17
1.4.2Destructive Tax Competition for Mobile Factors18
1.4.3Tax Export and Spillover Effects19
1.4.4Suboptimal Income Distribution within Regions19
1.4.5Suboptimal Income Distribution across Regions20
1.4.6Suboptimal Stabilization Policy21
1.4.7Optimal Degree of Fiscal Decentralization22
1.5 Outline of the Book22
2Locational Efficiency and Efficiency-Supporting Tax Systems27
2.1 Efficient Locational Pattern28
2.1.1The Model28
2.1.2First-Order Conditions30
2.1.3Efficient Interregional Resource Distribution32


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Theory of Public Finance in a Federal State


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