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UNSPECIFIED (1999) Inter-regional insurance. In: Mini-Workshop on International Taxation, COPENHAGEN, DENMARK, MAR 14-16, 1996. Published in: JOURNAL OF PUBLIC ECONOMICS, 72 (1). pp. 1-37. ISSN 0047-2727.
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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) | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Journal or Publication Title: | JOURNAL OF PUBLIC ECONOMICS | ||||
Publisher: | ELSEVIER SCIENCE SA | ||||
ISSN: | 0047-2727 | ||||
Official Date: | April 1999 | ||||
Dates: |
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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 |
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