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Unsticking the Flypaper Effect Using Distortionary Taxation

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NBER2016-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22304
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The flypaper effect is a widely-documented puzzle whereby the propensity of sub-national governmental units to spend out of unconditional transfers is higher than the propensity to spend out of private income. Building on previous insights in the literature that rationalize this puzzle using costly
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2016-06-01
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