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Author Info
Michael Hoel (University of Oslo)
Abstract

The institutional level at which policies should be determined is an important issue that has been extensively treated in the economics literature. In particular, the literature has discussed to what extent decentralization of policy decisions give an inefficient outcome. With a homogeneous population and perfect population mobility, as it conventionally is modeled, the following result is derived for a very general class of economies with interregional interactions: A socially efficient outcome is a Nash equilibrium of the game of decentralized and uncoordinated policy setting. However, if decisions about migration take a longer time to make than decisions of policy changes, the general result above no longer holds. With this decision sequence decentralization may give an inefficient outcome also in situations where the decentralized outcome is efficient in the absence of population mobility.

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Paper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number 5-02.

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Date of creation: 02 Dec 2002
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Handle: RePEc:cdl:ucsbec:5-02

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  1. Markusen, James R, 1975. "Cooperative Control of International Pollution and Common Property Resources," The Quarterly Journal of Economics, MIT Press, vol. 89(4), pages 618-32, November. [Downloadable!] (restricted)
  2. Hoel,M. & Shapiro,P., 2000. "Transboundary environmental problems with a mobile population : is there a need for central policy," Memorandum 16/2000, Oslo University, Department of Economics. [Downloadable!]
  3. Henderson, J. Vernon, 1994. "Community choice of revenue instruments," Regional Science and Urban Economics, Elsevier, vol. 24(2), pages 159-183, April. [Downloadable!] (restricted)
  4. Perry Shapiro, . ""Transboundary Environmental Problems with a Mobile Population: Is There a Need for Central Policy?," University of California at Santa Barbara, Economics Working Paper Series 5-00, Department of Economics, UC Santa Barbara. [Downloadable!]
  5. Boadway, Robin, 1982. "On the Method of Taxation and the Provision of Local Public Goods: Comment," American Economic Review, American Economic Association, vol. 72(4), pages 846-51, September. [Downloadable!] (restricted)
  6. Wellisch, Dietmar, 1994. "Interregional spillovers in the presence of perfect and imperfect household mobility," Journal of Public Economics, Elsevier, vol. 55(2), pages 167-184, October. [Downloadable!] (restricted)
  7. Hoel, Michael & Shapiro, Perry, 2001. "Population Mobility and Transboundary Environmental Problems," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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  8. Buchanan, James M. & Goetz, Charles J., 1972. "Efficiency limits of fiscal mobility: An assessment of the tiebout model," Journal of Public Economics, Elsevier, vol. 1(1), pages 25-43, April. [Downloadable!] (restricted)
  9. Hercowitz, Zvi & Pines, David, 1991. "Migration with fiscal externalities," Journal of Public Economics, Elsevier, vol. 46(2), pages 163-180, November. [Downloadable!] (restricted)
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  10. Silva, Emilson C. D., 1997. "Decentralized and Efficient Control of Transboundary Pollution in Federal Systems," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 95-108, January. [Downloadable!] (restricted)
  11. Haavio, M., 2001. "Transboundary Pollution and Household Mobility: Are They Equivalent?," University of Helsinki, Department of Economics 500, Department of Economics.
  12. Dietmar Wellisch, 1995. "Can household mobility solve basic environmental problems?," International Tax and Public Finance, Springer, vol. 2(2), pages 245-260, August. [Downloadable!] (restricted)
  13. Myers, Gordon M. & Papageorgiou, Yorgos Y., 1997. "Efficient Nash equilibria in a federal economy with migration costs," Regional Science and Urban Economics, Elsevier, vol. 27(4-5), pages 345-371, August. [Downloadable!] (restricted)
  14. Wallace E. Oates, 1999. "An Essay on Fiscal Federalism," Journal of Economic Literature, American Economic Association, vol. 37(3), pages 1120-1149, September. [Downloadable!] (restricted)
  15. Zodrow, George R. & Mieszkowski, Peter, 1986. "Pigou, Tiebout, property taxation, and the underprovision of local public goods," Journal of Urban Economics, Elsevier, vol. 19(3), pages 356-370, May. [Downloadable!] (restricted)
  16. Wilson, John D., 1986. "A theory of interregional tax competition," Journal of Urban Economics, Elsevier, vol. 19(3), pages 296-315, May. [Downloadable!] (restricted)
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