Externalities, Incentives and Failure to Achieve National Objectives in Decentralized Economies
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The purpose of this paper is to study why decentralized economies often fail to achieve national objective in the presence of externalities. The paper employs a two-period, open economy framework in which the central government allocates its tax revenues among a larger number of individual decision
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美国国家经济研究局创建时间：
1991-03-01
