Centralization vs. Decentralization: A Principal-Agent Analysis
AbstractThe decision to allocate policy jurisdictions to different levels of government is related to a number of trade-offs between the advantages and disadvantages of centralized versus decentralized provision of public services. A trade-off central to many discussions is that between the internalization of externalities under centralization versus an "accountability" advantage of decentralization. In this paper we formalize this trade-off in the context of a class of principal-agent models known as common agency. Copyright 2007 Blackwell Publishing, Inc..
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.
Volume (Year): 9 (2007)
Issue (Month): 2 (04)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1097-3923
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Albornoz-Crespo, Facundo & Cabrales, Antonio, 2010.
"Fiscal Centralization and the Political Process,"
CEPR Discussion Papers
7665, C.E.P.R. Discussion Papers.
- Fernando Albornoz & Antonio Cabrales, 2010. "Fiscal Centralization and the Political Process," Working Papers 2010-02, FEDEA.
- Facundo Albornoz & Antonio Cabrales, 2010. "Fiscal centralization and the political process," Economics Working Papers we100402, Universidad Carlos III, Departamento de Economía.
- Facundo Albornoz & Antonio Cabrales, 2010. "Fiscal Centralization and the Political Process," Discussion Papers 10-10, Department of Economics, University of Birmingham.
- Lars P. Feld & Jan Schnellenbach & Christoph A Schaltegger, 2004.
"On Government Centralization and Fiscal Referendums: A Theoretical Model and Evidence from Switzerland,"
Marburg Working Papers on Economics
200419, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Lars P. Feld & Christoph A. Schaltegger & Jan Schnellenbach, 2005. "On Government Centralization and Fiscal Referendums: A Theoretical Model and Evidence from Switzerland," CREMA Working Paper Series 2005-18, Center for Research in Economics, Management and the Arts (CREMA).
- Guccio, Calogero & Pignataro, Giacomo & Rizzo, Ilde, 2009. "The performance of local government in the execution of public works," MPRA Paper 16094, University Library of Munich, Germany.
- John William Hatfield & Gerard Padró i Miquel, 2008. "A Political Economy Theory of Partial Decentralization," NBER Working Papers 14628, National Bureau of Economic Research, Inc.
- Boggio, Margherita, 2011. "From Reluctant Privatization to Municipal Capitalism: an Overview on Ownership, Political Connections and Decentralization," MPRA Paper 46232, University Library of Munich, Germany.
- Giampaolo Garzarelli, 2005. "Cognition, Incentives, and Public Governance:Laboratory Federalism from the Organizational Viewpoint," Public Economics 0512013, EconWPA.
- Francesc Trillas, 2008. "Regulatory federalism in network industries," Working Papers 2008/8, Institut d'Economia de Barcelona (IEB).
- Mariano Tommasi & Federico Weinschelbaum, 2007.
"Principal-Agent Contracts under the Threat of Insurance,"
Journal of Institutional and Theoretical Economics (JITE),
Mohr Siebeck, Tübingen, vol. 163(3), pages 379-393, September.
- Mariano Tommasi & Federico Weinschelbaum, 2004. "Principal-Agents Contracts Under the Threat of Insurance," Working Papers 69, Universidad de San Andres, Departamento de Economia, revised Apr 2004.
- Toke Aidt & Jayasri Dutta, 2010.
"Fiscal Federalism and Electoral Accountability,"
CESifo Working Paper Series
3022, CESifo Group Munich.
- Aidt, T. & Dutta, J., 2010. "Fiscal Federalism and Electoral Accountability," Cambridge Working Papers in Economics 1021, Faculty of Economics, University of Cambridge.
- Toke S. Aidt & Jayasri Dutta, 2010. "Fiscal federalism and electoral accountability," Working Papers 2010/11, Institut d'Economia de Barcelona (IEB).
- Wallace Oates, 2005. "Toward A Second-Generation Theory of Fiscal Federalism," International Tax and Public Finance, Springer, vol. 12(4), pages 349-373, August.
- Pedro Barros & Xavier Martinez-Giralt, 2009. "Contractual design and PPPs for hospitals: lessons for the Portuguese model," The European Journal of Health Economics, Springer, vol. 10(4), pages 437-453, October.
- Marcelin Joanis, 2009.
"Intertwined Federalism: Accountability Problems under Partial Decentralization,"
CIRANO Working Papers
- Marcelin Joanis, 2008. "Intertwined Federalism: Accountability Problems under Partial Decentralization," Cahiers de recherche 08-22, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke.
- Fabio Fiorillo & Agnese Sacchi, 2012. "The Political Economy of the Standard Level of Services: The Role of Income Distribution," CESifo Working Paper Series 3696, CESifo Group Munich.
- Boggio, Margherita, 2011. "Municipal capitalism, regulatory federalism and politics," MPRA Paper 46244, University Library of Munich, Germany.
- Giampaolo Garzarelli, 2005. "Old and New Theories of Fiscal Federalism, Organizational Design Problems, and Tiebout," Public Economics 0509009, EconWPA.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.