Theory of Public Finance in a Federal State by Dietmar Wellisch
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Theory of Public Finance in a Federal State
By Dietmar Wellisch

Theory of Public Finance in a Federal State

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Format: Hardback

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Theory of Public Finance in a Federal State by Dietmar Wellisch

Book Description

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.

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Book Details

ISBN: 9780521630351
ISBN-10: 0521630355
Format: Hardback
(228mm x 152mm x 16mm)
Pages: 226
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 13-Jan-2000
Country of Publication: United Kingdom

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Books By Author Dietmar Wellisch

Theory of Public Finance in a Federal State by Dietmar Wellisch Theory of Public Finance in a Federal State, Paperback (November 2006)

This book presents an optimal degree of fiscal decentralization in a federal state.

» View all books by Dietmar Wellisch

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