IDEAS home Printed from https://ideas.repec.org/a/pfi/pubfin/v43y1988i3p440-44.html
   My bibliography  Save this article

A Simple Theoretical Model of the Fungibility Hypothesis

Author

Listed:
  • Tsukahara, Yasuhiro

Abstract

The purpose of this paper is to develop a theoretical rationale for the fungibility hypothesis where local authorities can convert some fraction of conditional grants into fungible resources. In this paper, conditions for optimal allocation of a conditional grant for local authorities, as well as for the fungibility hypothesis to hold good, are derived. The model presented here is a straightforward application of models of the economies of crime.

Suggested Citation

  • Tsukahara, Yasuhiro, 1988. "A Simple Theoretical Model of the Fungibility Hypothesis," Public Finance = Finances publiques, , vol. 43(3), pages 440-444.
    • Handle: RePEc:pfi:pubfin:v:43:y:1988:i:3:p:440-44
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pfi:pubfin:v:43:y:1988:i:3:p:440-44. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christopher F. Baum (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.