| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2257 |
| DP2257 Objectivity, Proximity and Adaptability in Corporate Governance | |
| Arnoud Boot; Jonathon Macey | |
| 发表日期 | 1999-10-29 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper examines a model of jurisdiction formation where individuals differ in both income and preferences, and where public provision choices within jurisdictions are the outcome of a political process, but can be supplemented by private contributions. Locational equilibria in this model can feature inefficient segregation along income lines, which is more likely to occur the larger is income heterogeneity. Furthermore, the model predicts that an increase in income heterogeneity can be accompanied by an increase in private provision. This prediction squares with the observed correlation in the U.S. between rising income inequality on the one hand, and recent trends towards fiscal devolution and privatization on the other. |
| 主题 | Public Economics |
| 关键词 | Fiscal federalism Jurisdiction formation Private provision of public goods |
| URL | https://cepr.org/publications/dp2257 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531354 |
| 推荐引用方式 GB/T 7714 | Arnoud Boot,Jonathon Macey. DP2257 Objectivity, Proximity and Adaptability in Corporate Governance. 1999. |
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