1. Fiscal Decentralization: Benefits and Problems -- 2. Locational Efficiency and Efficiency-Supporting Tax Systems -- 3. Perfect Interregional Competition -- 4. Interregional Tax Competition for Mobile Capital -- 5. Optimal Structure of Local Governments -- 6. Incentive Equivalence through Perfect Household Mobility -- 7. Efficiency and the Degree of Household Mobility -- 8. Decentralized Redistribution Policy -- 9. Decentralization and Intergenerational Problems -- 10. Informational Asymmetry between the Regions and the Center -- 11. Conclusions
Summary
"The last few decades have seen a substantial increase in the mobility of capital and population between the individual jurisdictions of long-established federal states (such as Canada, Germany, and the United States) and among the formerly independent member countries of the European Union. This book examines the consequences of this development for government policy. Its central question 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 distribution of income."--Jacket
Bibliography
Includes bibliographical references (pages 201-210) and index
