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Description - Theory of Public Finance in a Federal State by Dietmar Wellisch

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: 9780521026871
ISBN-10: 0521026873
Format: Paperback
(228mm x 152mm x 15mm)
Pages: 228
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 30-Apr-2006
Country of Publication: United Kingdom

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Books By Dietmar Wellisch

Theory of Public Finance in a Federal State by Dietmar Wellisch
Hardback, January 2000
$193.50