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Theory of public finance in a federal state /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Theory of public finance in a federal state // Dietmar Wellisch.
Author:	Wellisch, Dietmar,
Description:	1 online resource (x, 214 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Intergovernmental fiscal relations. -
Online resource:	https://doi.org/10.1017/CBO9780511613319
ISBN:	9780511613319 (ebook)

Theory of public finance in a federal state /
Wellisch, Dietmar,

Theory of public finance in a federal state /Dietmar Wellisch. - 1 online resource (x, 214 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

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.

ISBN: 9780511613319 (ebook)Subjects--Topical Terms:

935949
Intergovernmental fiscal relations.

LC Class. No.: HJ197 / .W454 2000

Dewey Class. No.: 336

Theory of public finance in a federal state /
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245 1 0 $a Theory of public finance in a federal state / $c Dietmar Wellisch.
264 1 $a Cambridge : $b Cambridge University Press, $c 2000.
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500 $a Title from publisher's bibliographic system (viewed on 05 Oct 2015).
520 $a 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.
650 0 $a Intergovernmental fiscal relations. $3 935949
650 0 $a Finance, Public. $3 556260
650 0 $a Decentralization in government. $3 564849
650 0 $a Federal government. $3 564848
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856 4 0 $u https://doi.org/10.1017/CBO9780511613319