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Theory of Public Finance in a Federal State - Dietmar Wellisch

Theory of Public Finance in a Federal State

Hardcover Published: 13th January 2000
ISBN: 9780521630351
Number Of Pages: 226

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The central question of this book is whether the assignment of government functions to the individual jurisdictions in a federal state can ensure an optimal allocation of resources and a fair income distribution. The analysis thereby gives a new answer to the old question about the optimal degree of fiscal decentralization in a federal state. It shows that fiscal decentralization is a method to disclose the preferences of currently living and future generations for local public goods, to limit the size of the government, and to avoid excessive public debt finance. While the allocative branch of the government benefits from fiscal decentralization, it is difficult to obtain a distribution of incomes that differs from the outcome that the market brings along.

"I highly recommend this work both for the excellent synthesis of the existing works on fiscal decentralization and the important contributions to issues of public finance under conditions of factor mobility...it is a tremendous contribution to the field and a must read for scholars of federalism and decentralization." Publius

Acknowledgments
Fiscal decentralization: benefits and problems
Locational efficiency and efficiency-supporting tax systems
Perfect interregional competition
Interregional tax competition for mobile capital
Optimal structure of local governments
Incentive equivalence through perfect household mobility
Efficiency and the degree of household mobility
Decentralized redistribution policy
Decentralization and intergenerational problems
Informational asymmetry between the regions and the center
Conclusions
References
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521630351
ISBN-10: 0521630355
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 226
Published: 13th January 2000
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 1.6
Weight (kg): 0.5