Exit and voice yardstick versus fiscal competition across governments : [presented at CESifo Area Conference on Public Sector Economics, April 2007]
Politicians are disciplined through the electoral system. But this is often not enough to eliminate political rents. Economists suggest that competition across governments may also help. But intergovernmental competition can take two forms, through tax competition (exit) or yardstick competition (vo...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Munich
Univ., Center for Economic Studies u.a.
2007
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| Schriftenreihe: | CESifo working paper series Public finance
2069 |
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Tag hinzufügen | Zusammenfassung: | Politicians are disciplined through the electoral system. But this is often not enough to eliminate political rents. Economists suggest that competition across governments may also help. But intergovernmental competition can take two forms, through tax competition (exit) or yardstick competition (voice). We show these two forms may not, and in general do not, work in the same direction. Tax competition may reduce the screening properties of yardstick competition. |
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| Beschreibung: | Literaturverz. S. 19 - 20 |
| Beschreibung: | 20 S. |