Exit and Voice: Yardstick Versus Fiscal Competition Across Governments

被引：1

作者：

Bordignon M. ^{[1
]}

机构：

[1] Department of Economics and Finance, Catholic University of Milan, Milan

来源：

Italian Economic Journal | 2015年 / 1卷 / 1期

关键词：

Decentralization; Fiscal federalism; Political equilibria; Tax competition; Yardstick competition;

D O I：

10.1007/s40797-015-0012-9

中图分类号：

学科分类号：

摘要：

Government competition is often invoked as one of the main advantage of decentralization. But competition across governments can take two forms, through tax competition (exit) or yardstick competition (voice). We show these two forms may affect political equilibria in opposite directions. Tax competition increases the disciplining effect of elections on politicians, but it reduces the selection effect. Yardstick competition works in just the opposite direction. However, the two forms of competition may be complementary as expected welfare is concerned. © 2015, Società Italiana degli Economisti (Italian Economic Association).

引用

页码：117 / 137

页数：20

共 21 条

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