Risk, Transaction Costs, and Tax Assignment: Government Finance in the Ottoman Empire
AbstractRisk and transaction costs often provide competing explanations of institutional outcomes. In this article we argue that they offer opposing predictions regarding the assignment of fixed and variable taxes in a multi-tiered governmental structure. Although the central government can pool regional risks from variable taxes, local governments can measure variable tax bases more accurately. Evidence on tax assignment from the mid-sixteenth-century Ottoman Empire supports the transaction cost explanation, suggesting that risk matters less because insurance can be obtained in a variety of ways.
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.
Bibliographic InfoArticle provided by Cambridge University Press in its journal The Journal of Economic History.
Volume (Year): 65 (2005)
Issue (Month): 03 (September)
Contact details of provider:
Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Fax: +44 (0)1223 325150
Web page: http://journals.cambridge.org/jid_JEHProvider-Email:email@example.com
Other versions of this item:
- Metin M. Cosgel & Thomas J. Miceli, 2003. "Risk, Transaction Costs, and Tax Assignment: Government Finance in the Ottoman Empire," Working papers 2003-04, University of Connecticut, Department of Economics, revised Sep 2004.
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
- N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy
- N5 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Mehmet Serkan Tosun & Serdar Yilmaz, 2010.
"Centralization, Decentralization And Conflict In The Middle East And North Africa,"
Middle East Development Journal (MEDJ),
World Scientific Publishing Co. Pte. Ltd., vol. 2(01), pages 1-14.
- Tosun, Mehmet Serkan & Yilmaz, Serdar, 2008. "Centralization, Decentralization, and Conflict in the Middle East and North Africa," Policy Research Working Paper Series 4774, The World Bank.
- Metin M. Cosgel & Thomas J. Miceli & Jared Rubin, 2009.
"Guns and Books: Legitimacy, Revolt and Technological Change in the Ottoman Empire,"
2009-12, University of Connecticut, Department of Economics.
- Coşgel, Metin M. & Miceli, Thomas J. & Rubin, Jared, 2012. "The political economy of mass printing: Legitimacy and technological change in the Ottoman Empire," Journal of Comparative Economics, Elsevier, vol. 40(3), pages 357-371.
- Metin M. Cosgel & Thomas J. Miceli & Jared Rubin, 2010. "The Political Economy of Mass Printing: Legitimacy and Technological Change in the Ottoman Empire," Working papers 2010-02, University of Connecticut, Department of Economics, revised Jan 2012.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters).
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.