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A Political Economy Theory of Partial Decentralization

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NBER2008-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14628
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We revisit the classic problem of tax competition in the context of federal nations, and derive a positive theory of partial decentralization. A capital poor median voter wants to use capital taxes to provide public goods. This results in redistributive public good provision. As a consequence, when
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2008-12-01
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