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Local Governments Tax Autonomy, Lobbying, and Welfare

  • Sandro Brusco

    ()

    (Stony Brook University)

  • Luca Colombo

    ()

    (DISCE, Università Cattolica)

  • Umberto Galmarini

    ()

    (Università dell'Insubria)

What degree of tax autonomy should be granted to a regional government on a local tax base? Although the regional policy maker aims at maximizing social welfare, her tax policy may be distorted by the lobbying activity of local taxpayers. In this political environment we characterize the conditions under which social welfare can be increased by restricting the set of tax instruments available to the local policy maker, i.e. the degree of local tax autonomy. We show that full tax autonomy is likely to be dominated by minimal tax autonomy when there are many groups of similar size, while the converse occurs when tax bases are asymmetrically distributed.

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File URL: http://www.unicatt.it/Istituti/EconomiaFinanza/Quaderni/ief0097.pdf
File Function: First version, 2010
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Paper provided by Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) in its series DISCE - Quaderni dell'Istituto di Economia e Finanza with number ief0097.

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Length: 30
Date of creation: Jul 2010
Date of revision:
Handle: RePEc:ctc:serie3:ief0097
Contact details of provider: Web page: http://www.unicatt.it/Istituti/EconomiaFinanza
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  1. Colombo, Luca & Weinrich, Gerd, 2003. "The Phillips curve as a long-run phenomenon in a macroeconomic model with complex dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 28(1), pages 1-26, October.
  2. Luca Colombo & Gilberto Turati, 2008. "The Role of the Local Business Environment in Banking Consolidation," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0076, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  3. Colombo, Luca & Femminis, Gianluca, 2008. "The social value of public information with costly information acquisition," Economics Letters, Elsevier, vol. 100(2), pages 196-199, August.
  4. Andrea Boitani & Carlo Cambini, 2004. "Le gare per i servizi di trasporto locale in Europa e in Italia: molto rumore per nulla?," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2004(122).
  5. Maria Flavia Ambrosanio & Massimo Bordignon & Floriana Cerniglia, 2008. "Constitutional reforms, fiscal decentralization and regional fiscal flows in Italy," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0084, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  6. Luca Colombo & Herbert Dawid & Kordian Kabus, 2012. "When do thick venture capital markets foster innovation? An evolutionary analysis," Journal of Evolutionary Economics, Springer, vol. 22(1), pages 79-108, January.
  7. Zeno Rotondi & Giacomo Vaciago, 2007. "Lessons from the ECB experience: Frankfurt still matters!," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0070, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  8. Bordignon, Massimo & Nannicini, Tommaso & Tabellini, Guido, 2013. "Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule," IZA Discussion Papers 7561, Institute for the Study of Labor (IZA).
  9. Angelo Baglioni & Michele Grillo, 2009. "Calamità naturali e assicurazione: elementi di analisi per una riforma," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0089, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  10. Mastromatteo Giuseppe & Ventura Luigi, 2007. "Fundamentals, Beliefs, and the Origin of Money: A Search Theoretic Perspective," Economia politica, Società editrice il Mulino, issue 1, pages 113-140.
  11. Massimo Bordignon & Santino Piazza, 2010. "Who do you blame in local finance? An analysis of municipal financing in Italy," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0094, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  12. Massimo Bordignon & Luca Colombo & Umberto Galmarini, 2003. "Fiscal Federalism and Endogenous Lobbies' Formation," CESifo Working Paper Series 1017, CESifo Group Munich.
  13. Boitani Andrea & Cambini Carlo, 2002. "Regolazione incentivante per i servizi di trasporto locale," Politica economica - Journal of Economic Policy (PEJEP), Società editrice il Mulino, issue 2, pages 193-226.
  14. Baglioni, Angelo & Monticini, Andrea, 2010. "The intraday interest rate under a liquidity crisis: The case of August 2007," Economics Letters, Elsevier, vol. 107(2), pages 198-200, May.
  15. Massimo Bordignon & Floriana Cerniglia & Federico Revelli, 2002. "In Search for Yardstick Competition: Property Tax Rates and Electoral Behavior in Italian Cities," CESifo Working Paper Series 644, CESifo Group Munich.
  16. Angelo Baglioni, 2009. "Liquidity crunch in the interbank market: is it credit or liquidity risk, or both?," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0091, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  17. Rossi Lorenza & Guido Ascari, 2008. "Long-run Phillips Curve and Disinfation Dynamics: Calvo vs. Rotemberg Price Setting," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0082, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  18. Fabrizio Mattesini & Lorenza Rossi, 2008. "Productivity Shocks And Optimal Monetary Policy In A Unionized Labor Market Economy," Manchester School, University of Manchester, vol. 76(5), pages 578-611, 09.
  19. Gilberto Turati & Gian Paolo Barbetta, 2001. "L'analisi dell'efficienza tecnica nel settore della sanità. Un'applicazione al caso della Lombardia," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2001(2).
  20. Colombo Luca & Coltro Maria Gabriella, 2002. "La misurazione della produttività: l'evidenza empirica, il ruolo della "New Economy" e i problemi metodologici," L'industria, Società editrice il Mulino, issue 2, pages 231-274.
  21. Mattesini Fabrizio & Rossi Lorenza, 2007. "Optimal monetary policy in economies with dual labor markets," wp.comunite 0009, Department of Communication, University of Teramo.
  22. Wilson, John D., 1986. "A theory of interregional tax competition," Journal of Urban Economics, Elsevier, vol. 19(3), pages 296-315, May.
  23. Andrea Monticini & Giacomo Vaciago, 2005. "Are Europe's Interest Rates led by FED Announcements?," Macroeconomics 0507022, EconWPA.
  24. Stefano Colombo, 2010. "Taxation and Predatory Prices in a Spatial Model," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0092, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  25. Angelo Baglioni & Andrea Boitani & Massimo Liberatore & Andrea Monticini, 2010. "Is the Leverage of European Commercial Banks Pro-Cyclical?," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0093, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  26. Angelo Baglioni & Luca Colombo, 2013. "The efficiency view of corporate boards: theory and evidence," Applied Economics, Taylor & Francis Journals, vol. 45(4), pages 497-510, February.
  27. Stefano Colombo, 2009. "Pricing Policy and Partial Collusion," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0090, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  28. Luca Colombo & Herbert Dawid, 2008. "Complementary Assets, Start-Ups and Incentives to Innovate," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0080, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  29. Mirko Abbritti & Andrea Boitani & Mirella Damiani, 2008. "Labour market imperfections, "divine coincidence" and the volatility of employment and inflation," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0078, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  30. Stefano Colombo & Luca Grilli & Cristina Rossi Lamastra, 2009. "On the determinants of the degree of openness of Open Source firms: An entry model," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0088, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  31. stefano Colombo, 2010. "Bertrand and Cournot in the unidirectional Hotelling model," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0095, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  32. Angelo Baglioni & Andrea Monticini, 2008. "The Intraday Price of Money: Evidence from the e-MID Interbank Market," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(7), pages 1533-1540, October.
  33. Sandro Brusco & Luca Colombo & Umberto Galmarini, 2010. "Local Governments Tax Autonomy, Lobbying, and Welfare," Department of Economics Working Papers 10-01, Stony Brook University, Department of Economics.
  34. Angelo Baglioni, 2011. "Shareholders' agreements and voting power: evidence from Italian listed firms," Applied Economics, Taylor & Francis Journals, vol. 43(27), pages 4043-4052.
  35. Luca Colombo & Gilberto Turati, 2004. "La dimensione territoriale nei processi di concentrazione dell'industria bancaria italiana," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2004(84).
  36. Baglioni Angelo, 2002. "Multiple Banking Relationships: Competition among "inside" Banks," Rivista italiana degli economisti, Società editrice il Mulino, issue 2, pages 165-196.
  37. Angelo Baglioni, 2007. "Corporate Governance as a Commitmente and Signalling Device," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0075, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  38. Alejandro Esteller-Moré & Umberto Galmarini & Leonzio Rizzo, 2010. "Should tax bases overlap in a federation with lobbying?," Working Papers 2010/8, Institut d'Economia de Barcelona (IEB).
  39. Andrea Terzi, 2005. "International Financial Instability in a World of Currencies Hierarchy," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0064, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  40. Luca Colombo & Gerd Weinrich, 2009. "Persistent disequilibrium dynamics and economic policy," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0086, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  41. Angelo Baglioni & Rony Hamaui, 2003. "The Choice Among Interbank Settlement Systems: The European Experience," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 32(1), pages 67-100, 02.
  42. Stefano Colombo, 2008. "Discriminatory prices, endogenous locations and the Prisoner Dilemma problem," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0079, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  43. Andrea Terzi & Giovanni Verga, 2006. "Stock-bond correlation and the bond quality ratio: Removing the discount factor to generate a “deflated” stock index," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0067, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  44. Baglioni Angelo, 2008. "Entry into a Network Industry: Consumers' Expectations and Firms' Pricing Policies," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-13, July.
  45. Massimo Bordignon, 2000. "Problems of Soft Budget Constraints in Intergovernmental Relationships: The Case of Italy," Research Department Publications 3099, Inter-American Development Bank, Research Department.
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