Arbeitspapier
How Much Fiscal Equalisation?
We treat fiscal equalisation as an insurance device against regional tax revenue variance. This insurance comes at the price of a moral hazard: regional government will spend too little effort on the development of the local tax base. In a simple bargaining model with two identical regions we show that less than total fiscal equalisation combined with lump sum transfers will be optimal. Taking a step back to the constitutional bargaining behind some veil of ignorance which determines the fallback position for later negotiations, we show that writing total fiscal equalisation into the constitution will be optimal.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 366
- Klassifikation
-
Wirtschaft
- Thema
-
Fiscal equalisation
constitutional bargaining
moral hazard
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fenge, Robert
von Weizsäcker, Jakob
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fenge, Robert
- von Weizsäcker, Jakob
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2000
Ähnliche Objekte (12)
The Inequality We Want: How Much Is Too Much?
The inequality we want: How much is too much?
Fussing and fuming over Fannie and Freddie: how much smoke, how much fire?
How Much Fiscal Backing Must the ECB Have? – The Euro Area is not the Philippines
How much fiscal backing must the ECB have? The euro area is not the Philippines
How much fiscal backing must the ECB have? The euro area is not the Philippines
How Much Do Teachers Earn?
How much Keynes and how much Schumpeter? An Estimated Macromodel of the US Economy
How much is too much? Debt capacity and financial flexibility
How Much Binding Is the Bill?
How much does degree choice matter?
How much does violence tax trade?
The Inequality We Want: How Much Is Too Much?
The inequality we want: How much is too much?
Fussing and fuming over Fannie and Freddie: how much smoke, how much fire?
How Much Fiscal Backing Must the ECB Have? – The Euro Area is not the Philippines
How much fiscal backing must the ECB have? The euro area is not the Philippines
How much fiscal backing must the ECB have? The euro area is not the Philippines
How Much Do Teachers Earn?
How much Keynes and how much Schumpeter? An Estimated Macromodel of the US Economy
How much is too much? Debt capacity and financial flexibility
How Much Binding Is the Bill?
How much does degree choice matter?
How much does violence tax trade?
The Inequality We Want: How Much Is Too Much?
The inequality we want: How much is too much?
Fussing and fuming over Fannie and Freddie: how much smoke, how much fire?
How Much Fiscal Backing Must the ECB Have? – The Euro Area is not the Philippines
How much fiscal backing must the ECB have? The euro area is not the Philippines
How much fiscal backing must the ECB have? The euro area is not the Philippines
How Much Do Teachers Earn?
How much Keynes and how much Schumpeter? An Estimated Macromodel of the US Economy
How much is too much? Debt capacity and financial flexibility
How Much Binding Is the Bill?
How much does degree choice matter?