Holdings: Theory of public finance in a federal state

Theory of public finance in a federal state:

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Bibliographic Details
Main Author:	Wellisch, Dietmar 1960- (Author)
Format:	Book
Language:	English
Published:	Cambridge [u.a.] Cambridge Univ. Press 2000
Edition:	1. publ.
Subjects:	Finanzwirtschaft Intergovernmental fiscal relations Finance, Public Decentralization in government Federal government Föderalismus
Online Access:	Sample text Publisher description Table of contents Inhaltsverzeichnis
Physical Description:	X, 214 S. graph. Darst.
ISBN:	0521630355

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MARC


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adam_text	A 335891 THEORY OF PUBIICTMANCE IN A FEDERAL STATE DIETMAR WELLISCH TECHNICAL UNIVERSITY OF DRESDEN CAMBRIDGE UNIVERSITY PRESS CONTENTS ACKNOWLEDGMENTS PAGE X 1 FISCAL DECENTRALIZATION: BENEFITS AND PROBLEMS 1 1.1 ASSIGNMENT OF GOVERNMENT FUNCTIONS AND MOBILITY 1 1.1.1 ASSIGNMENT OF GOVERNMENT FUNCTIONS 1 1.1.2 MOBILITY AND TAXATION: EMPIRICAL FACTS 3 1.2 PURPOSE, JUSTIFICATION, AND LIMITS OF THE STUDY 9 1.2.1 PURPOSE OF THE BOOK 9 1.2.2 JUSTIFICATION OF THE STUDY 10 1.2.3 LIMITS OF THE STUDY 13 1.3 BENEFITS OF FISCAL DECENTRALIZATION 14 1.3.1 SENSITIVITY TO DIVERSE REGIONAL PREFERENCES 14 1.3.2 PREFERENCE REVELATION BY HOUSEHOLD MOBILITY 15 1.3.3 PROTECTING THE INTERESTS OF FUTURE GENERATIONS 15 1.3.4 RESTRAINING THE LEVIATHAN 16 1.4 PROBLEMS OF FISCAL DECENTRALIZATION 17 1.4.1 INEFFICIENT INTERREGIONAL RESOURCE ALLOCATION 1 7 1.4.2 DESTRUCTIVE TAX COMPETITION FOR MOBILE FACTORS 18 1.4.3 TAX EXPORT AND SPILLOVER EFFECTS 19 1.4.4 SUBOPTIMAL INCOME DISTRIBUTION WITHIN REGIONS 19 1.4.5 SUBOPTIMAL INCOME DISTRIBUTION ACROSS REGIONS 20 1.4.6 SUBOPTIMAL STABILIZATION POLICY 2 1 1.4.7 OPTIMAL DEGREE OF FISCAL DECENTRALIZATION 22 1.5 OUTLINE OF THE BOOK 22 2 LOCATIONAL EFFICIENCY AND EFFICIENCY-SUPPORTING TAX SYSTEMS 27 2.1 EFFICIENT LOCATIONAL PATTERN 28 2.1.1 THE MODEL 28 2.1.2 FIRST-ORDER CONDITIONS 30 2.1.3 EFFICIENT INTERREGIONAL RESOURCE DISTRIBUTION 32 VI CONTENTS 2.2 EFFICIENCY-SUPPORTING TAX SYSTEMS 35 2.2.1 PRIVATE BEHAVIOR 35 2.2.2 EFFICIENT TAXATION 37 3 PERFECT INTERREGIONAL COMPETITION 40 3.1 FISCAL DECENTRALIZATION WITH A COMPLETE TAX INSTRUMENT SET 42 3.1.1 PRIVATE BEHAVIOR 43 3.1.2 LOCAL GOVERNMENT BEHAVIOR 4 5 3.2 FISCAL DECENTRALIZATION WITH AN INCOMPLETE TAX INSTRUMENT SET 46 3.2.1 A DIRECT HOUSEHOLD TAX IS NOT AVAILABLE 47 3.2.2 A DIRECT FIRM TAX IS NOT AVAILABLE 48 3.2.3 AN UNDISTORTIVE TAX IS NOT AVAILABLE 50 3.3 APPENDIX 53 3.3.1 FIRST-ORDER CONDITIONS AND MIGRATION RESPONSES 53 3.3.2 DISTORTIONAIY TAXATION 55 4 INTERREGIONAL TAX COMPETITION FOR MOBILE CAPITAL 58 4.1 UNDERPROVISION OF LOCAL PUBLIC GOODS 60 4.1.1 PRIVATE BEHAVIOR 60 4.1.2 REGIONAL GOVERNMENT BEHAVIOR 63 4.1.3 CENTRAL GOVERNMENT INTER ENTION 66 4.2 -TAX COMPETITION AND REGIONAL SIZE 69 4.3 THE ADVANTAGE OF SMALL REGIONS 71 4.4 RESTRAINING THE LEVIATHAN BY INTERREGIONAL TAX COMPETITION 74 4.4.1 GOVERNMENT BEHAVIOR 75 4.4.2 FISCAL DECENTRALIZATION WITH UNDISTORTIVE TAXES 76 4.4.3 FISCAL DECENTRALIZATION WITH INTERREGIONAL TAX COMPETITION 11 4.5 PROPERTY TAX INCIDENCE AND LAND TAXATION 79 4.5.1 THE TRADITIONAL VIEW 79 4.5.2 THE NEW VIEW 8 1 4.5.3 THE BENEFIT VIEW 82 4.5.4 LAND TAXATION 85 4.6 APPENDIX 86 5 OPTIMAL STRUCTURE OF LOCAL GOVERNMENTS 88 5.1 TIEBOUT AND THE THEORY OF CLUBS 90 5.2 THE HENRY GEORGE THEOREM 92 5.3 OVERLAPPING MARKET AREAS OF LOCAL PUBLIC GOODS 95 CONTENTS VII 5.3.1 THE OPTIMAL ALLOCATION 95 5.3.2 PRIVATE BEHAVIOR 98 5.3.3 DECENTRALIZATION THROUGH COMPETING METROPOLITAN GOVERNMENTS 99 5.3.4 DECENTRALIZATION WITH SMALLER JURISDICTIONS 100 5.4 APPENDIX 102 5.4.1 OPTIMAL ALLOCATION WITH OVERLAPPING MARKET AREAS 102 5.4.2 OPTIMAL DECENTRALIZATION THROUGH METROPOLITAN GOVERNMENTS 103 6 INCENTIVE EQUIVALENCE THROUGH PERFECT HOUSEHOLD MOBILITY 105 6.1 TAX EXPORT AND SPILLOVER EFFECTS WITH HOUSEHOLD MOBILITY 106 6.1.1 PRIVATE BEHAVIOR 106 6.1.2 REGIONAL GOVERNMENT BEHAVIOR 108 6.2 TAX COMPETITION AND HOUSEHOLD MOBILITY 111 6.2.1 PRIVATE BEHAVIOR 111 6.2.2 REGIONAL GOVERNMENT BEHAVIOR 113 6.3 APPENDIX 115 6.3.1 TAX EXPORT AND SPILLOVER EFFECTS 115 6.3.2 TAX COMPETITION 116 7 EFFICIENCY AND THE DEGREE OF HOUSEHOLD MOBILITY 118 7.1 EFFICIENT ALLOCATION 120 7.1.1 THE MODEL 120 7.1.2 FIRST- ORDER CONDITIONS 122 7.2 DECENTRALIZED NASH EQUILIBRIUM 124 7.2.1 PRIVATE BEHAVIOR 124 7.2.2 REGIONAL GOVERNMENT BEHAVIOR 126 7.2.3 TRANSFER-CONSTRAINED REGION 127 7.3 DIFFERENT DEGREES OF HOUSEHOLD MOBILITY 129 7.3.1 PERFECT HOUSEHOLD MOBILITY 129 7.3.2 PERFECT IMMOBILITY OF HOUSEHOLDS 130 7.3.3 IMPERFECT HOUSEHOLD MOBILITY 131 7.4 APPENDIX 133 7.4.1 FIRST-ORDER CONDITIONS 133 7.4.2 EXPRESSIONS OF A TRANSFER-CONSTRAINED REGION 136 8 DECENTRALIZED REDISTRIBUTION POLICY 137 8.1 UNCOORDINATED REGIONAL REDISTRIBUTION POLICY 139 8.1.1 PRIVATE BEHAVIOR 139 8.1.2 SOCIALLY OPTIMAL ALLOCATION 14 1 8.1.3 REGIONAL GOVERNMENT POLICY 142 VIII CONTENTS 8.2 INTERNALIZING FISCAL EXTERNALITIES 146 8.2.1 CENTRAL GOVERNMENT INTERVENTION 146 8.2.2 CORRECTED EQUILIBRIUM 148 8.3 APPENDIX 149 8.3.1 DERIVATION OF WELFARE EFFECTS 149 8.3.2 CENTRAL GOVERNMENT INTERVENTION 150 9 DECENTRALIZATION AND INTERGENERATIONAL PROBLEMS 152 9.1 EFFICIENT ALLOCATION 155 9.1.1 THE MODEL 155 9.1.2 FIRST-ORDER CONDITIONS 156 9.2 DECENTRALIZED ENVIRONMENTAL POLICY 158 9.2.1 PRIVATE BEHAVIOR 158 9.2.2 LOCAL GOVERNMENT BEHAVIOR 160 9.3 LOCAL PUBLIC DEBT 162 9.3.1 PRIVATE BEHAVIOR 163 9.3.2 LOCAL GOVERNMENT BEHAVIOR 164 9.4 APPENDIX 166 9.4.1 DECENTRALIZED ENVIRONMENTAL POLICY 166 9.4.2 NONNEUTRALITY OF LOCAL PUBLIC DEBT 168 10 INFORMATIONAL ASYMMETRY BETWEEN THE REGIONS AND THE CENTER 170 10.1 OPTIMAL REDISTRIBUTION WITH COMPLETE INFORMATION 172 10.1.1 PRIVATE BEHAVIOR 172 10.1.2 REGIONAL GOVERNMENT BEHAVIOR 175 10.1.3 SOCIALLY OPTIMAL ALLOCATION 176 10.2 INCOMPLETE INFORMATION, ADVERSE SELECTION, AND OPTIMAL REDISTRIBUTION L 177 10.2.1 INCENTIVE COMPATIBILITY CONSTRAINTS 111 10.2.2 CENTRAL GOVERNMENT POLICY 179 10.3 INCOMPLETE INFORMATION AND MORAL HAZARD 181 10.3.1 PRIVATE BEHAVIOR 181 10.3.2 REGIONAL GOVERNMENT BEHAVIOR 183 10.3.3 OPTIMAL POLICY WITH INCOMPLETE INFORMATION 183 10.4 APPENDIX 187 10.4.1 FIRST-ORDER CONDITIONS OF THE CENTRAL GOVERNMENT PROBLEM 187 10.4.2 FIRST-BEST OPTIMUM 188 10.4.3 OPTIMUM WITH INCOMPLETE INFORMATION AND ADVERSE SELECTION 188 CONTENTS IX 10.4.4 OPTIMUM WITH INCOMPLETE INFORMATION AND MORAL HAZARD 188 11 CONCLUSIONS 191 11.1 EFFICIENCY AND DECENTRALIZATION 191 11.2 REDISTRIBUTION AND DECENTRALIZATION 193 11.3 POLICY APPLICATIONS 194 11.3.1 TAX AUTONOMY OF LOCAL GOVERNMENTS 195 11.3.2 INTERREGIONAL TAX COMPETITION 195 11.3.3 RESTRUCTURING OF JURISDICTIONAL BOUNDARIES 196 11.3.4 DEGREE OF HIGHER GOVERNMENTAL INTERVENTION 197 11.3.5 REDISTRIBUTION POLICY WITHIN THE REGIONS OF A FEDERAL STATE 198 11.3.6 REDISTRIBUTION POLICY ACROSS THE REGIONS OF A FEDERAL STATE 198 11.3.7 HARMONIZATION OF DEBT AND PENSION POLICIES IN THEEU 199 REFERENCES 201 INDEX 211
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title	Theory of public finance in a federal state
title_auth	Theory of public finance in a federal state
title_exact_search	Theory of public finance in a federal state
title_full	Theory of public finance in a federal state Dietmar Wellisch
title_fullStr	Theory of public finance in a federal state Dietmar Wellisch
title_full_unstemmed	Theory of public finance in a federal state Dietmar Wellisch
title_short	Theory of public finance in a federal state
title_sort	theory of public finance in a federal state
topic	Finanzwirtschaft Intergovernmental fiscal relations Finance, Public Decentralization in government Federal government Finanzwirtschaft (DE-588)4017214-4 gnd Föderalismus (DE-588)4017754-3 gnd
topic_facet	Finanzwirtschaft Intergovernmental fiscal relations Finance, Public Decentralization in government Federal government Föderalismus
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