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(Ebook) Theory of Public Finance in a Federal State by Dietmar Wellisch ISBN 9780521630351, 9780511015878, 0511015879, 0521630355

  • SKU: EBN-1394036
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Instant download (eBook) Theory of Public Finance in a Federal State after payment.
Authors:Dietmar Wellisch
Pages:225 pages.
Year:2004
Editon:1
Publisher:Cambridge University Press
Language:english
File Size:2.5 MB
Format:pdf
ISBNS:9780521630351, 9780511015878, 0511015879, 0521630355
Categories: Ebooks

Product desciption

(Ebook) Theory of Public Finance in a Federal State by Dietmar Wellisch ISBN 9780521630351, 9780511015878, 0511015879, 0521630355

This book 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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