IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v60y2001i1p403-418.html
   My bibliography  Save this article

The Completely Decentralized City: The Case for Benefits Based Public Finance

Author

Listed:
  • Fed E. Foldvary

Abstract

An alternative to centralized top‐down city governance is a multi‐level bottom‐up structure based on small neighborhood contractual communities. This paper analyzes the voting rules and public finances of decentralized, contractual urban governance and the likely outcome of such a constitutional structure, substantially reduced transfer seeking or rent seeking. Tax and service substitution, with lower‐level funding and services substituting for higher‐level public finance, is the general process by which the governance would devolve. Land rent is the most feasible source of such decentralized public finance, and local communities could also engage in local currency and credit services. Some empirical examples demonstrate the implementation of some of these governance structures.

Suggested Citation

  • Fed E. Foldvary, 2001. "The Completely Decentralized City: The Case for Benefits Based Public Finance," American Journal of Economics and Sociology, Wiley Blackwell, vol. 60(1), pages 403-418, January.
    • Handle: RePEc:bla:ajecsc:v:60:y:2001:i:1:p:403-418
    DOI: 10.1111/1536-7150.00067
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1536-7150.00067
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1536-7150.00067?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Federico Savini, 2021. "Towards an urban degrowth: Habitability, finity and polycentric autonomism," Environment and Planning A, , vol. 53(5), pages 1076-1095, August.

    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:bla:ajecsc:v:60:y:2001:i:1:p:403-418. 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: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    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.