Interregional redistribution and budget institutions under asymmetric information
نویسندگان
چکیده
منابع مشابه
Interregional Redistribution and Budget Institutions under Asymmetric Information
Empirical evidence from the U.S. and the European Union suggests that regions which contribute to interregional redistribution face weaker borrowing constraints than regions which benefit from interregional redistribution. This paper presents an argument in favor of such differentiated budgetary institutions. It develops a two-period model of a federation consisting of two types of regions. The...
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This paper examines the political economy of redistribution when voters have asymmetric information about the redistributive preferences of politicians and the latter cannot make credible policy commitments. The candidates in each party are endogenously selected by a process of Nash Bargaining between the competing factions. In equilibrium, there is “partial convergence” of redistributive polic...
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Mother or Child? Intra-Household Redistribution under Gender-Asymmetric Altruism In developing societies, social norms typically ascribe differential weights to paternal, maternal and communal (or state) contributions to children’s expenses. Individuals internalize these valuations. I examine a Cournot model of voluntary contribution to children’s goods in a two-adult household, where both spou...
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The insurance function of federal budgets against regional asymmetric income shocksin scal federations is well known in the literature. Empirical studies provide estimates of the amount of stabilisation between the regions. Especially automatic stabilisers, like the unemployment insurance, show a large reaction to regional imbalances. The goal of this paper is to estimate the amount of redistri...
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Indraneel Dasgupta Abstract In developing societies, social norms typically ascribe differential weights to paternal, maternal and communal (or state) contributions to children’s expenses. Individuals internalize these valuations. I examine a Cournot model of voluntary contribution to children’s goods in a twoadult household, where both spouses may have marginal rates of substitution across pat...
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ژورنال
عنوان ژورنال: Journal of Public Economics
سال: 2008
ISSN: 0047-2727
DOI: 10.1016/j.jpubeco.2008.01.008