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£95.39

Cambridge University Press Theory of Public Finance in a Federal State

Name: Theory of Public Finance in a Federal State
Brand: Cambridge University Press
Price: 95.39 GBP
Availability: InStock

Economic Policy & Development

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Description

The central question of this book is whether the assignment of government functions to the individual jurisdictions in a federal state can ensure an optimal allocation of resources and a fair income distribution. The analysis thereby gives a new answer to the old question about the optimal degree of fiscal decentralization in a federal state. It shows that fiscal decentralization is a method to disclose the preferences of currently living and future generations for local public goods, to limit the size of the government, and to avoid excessive public debt finance. While the allocative branch of the government benefits from fiscal decentralization, it is difficult to obtain a distribution of incomes that differs from the outcome that the market brings along. Review "I highly recommend this work both for the excellent synthesis of the existing works on fiscal decentralization and the important contributions to issues of public finance under conditions of factor mobility...it is a tremendous contribution to the field and a must read for scholars of federalism and decentralization." Publius Book Description This book presents an optimal degree of fiscal decentralization in a federal state.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521630355
Category: Books > Subjects > Business, Finance & Law > Economics > Economic Policy & Development
Domain: Amazon UK
Release Date: 13 January 2000
Listed Since: 02 February 2007

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Cambridge University Press Theory of Public Finance in a Federal State

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