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UNSPECIFIED (1999) Inter-regional insurance. In: Mini-Workshop on International Taxation, MAR 14-16, 1996, COPENHAGEN, DENMARK.
Full text not available from this repository.Abstract
This paper considers the problem facing a central government which can insure regional governments (by use of intergovernmental grants) against region-specific and privately observed shocks either to income, or demand for, or cost of, the public good. Notable results are: (i) depending on the source of the shock, the grant may induce over- or undersupply of the public good relative to the Samuelson rule; (ii) with public good spillovers between regions, there is two-way distortion of public good supply - that is, qualitatively different distortions (relative to the Samuelson rule) for different values of the shock; (iii) the solution to the central government's problem may depend qualitatively on whether regional taxation is lump-sum or distortionary. (C) 1999 Elsevier Science S.A. All rights reserved.
| Item Type: | Conference Item (UNSPECIFIED) |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Journal or Publication Title: | JOURNAL OF PUBLIC ECONOMICS |
| Publisher: | ELSEVIER SCIENCE SA |
| ISSN: | 0047-2727 |
| Date: | April 1999 |
| Volume: | 72 |
| Number: | 1 |
| Number of Pages: | 37 |
| Page Range: | pp. 1-37 |
| Publication Status: | Published |
| Title of Event: | Mini-Workshop on International Taxation |
| Location of Event: | COPENHAGEN, DENMARK |
| Date(s) of Event: | MAR 14-16, 1996 |
| URI: | http://wrap.warwick.ac.uk/id/eprint/14683 |
Data sourced from Thomson Reuters' Web of Knowledge
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