Theory of Public Finance in a Federal State (Paperback, Revised)

The central question of this book 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 income distribution. The analysis thereby gives a new answer to the old question about the optimal degree of fiscal decentralization in a federal state. It shows that fiscal decentralization is a method to disclose the preferences of currently living and future generations for local public goods, to limit the size of the government, and to avoid excessive public debt finance. While the allocative branch of the government benefits from fiscal decentralization, it is difficult to obtain a distribution of incomes that differs from the outcome that the market brings along.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	November 2006
First published:	2000
Authors:	Dietmar Wellisch
Dimensions:	228 x 152 x 15mm (L x W x T)
Format:	Paperback - Trade
Pages:	228
Edition:	Revised
ISBN-13:	978-0-521-02687-1
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > Money & Finance > Public finance > General Promotions
LSN:	0-521-02687-3
Barcode:	9780521026871

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