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来源类型Working Paper
规范类型报告
DOI10.3386/w17251
来源IDWorking Paper 17251
Inefficiencies from Metropolitan Political and Fiscal Decentralization: Failures of Tiebout Competition
Stephen Calabrese; Dennis N. Epple; Richard Romano
发表日期2011-07-28
出版年2011
语种英语
摘要We examine the welfare effects of provision of local public goods in an empirically relevant setting using a multi-community model with mobile and heterogeneous households, and with flexible housing supplies. We characterize the first-best allocation and show efficiency can be implemented with decentralization using head taxes. We calibrate the model and compare welfare in property-tax equilibria, both decentralized and centralized, to the efficient allocation. Inefficiencies with decentralization and property taxation are large, dissipating most if not all the potential welfare gains that efficient decentralization could achieve. In property tax equilibrium centralization is frequently more efficient! An externality in community choice underlies the failure to achieve efficiency with decentralization and property taxes: Poorer households crowd richer communities and free ride by consuming relatively little housing thereby avoiding taxes.
主题Public Economics ; Public Goods ; Subnational Fiscal Issues ; Regional and Urban Economics ; Regional Economics
URLhttps://www.nber.org/papers/w17251
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574926
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Stephen Calabrese,Dennis N. Epple,Richard Romano. Inefficiencies from Metropolitan Political and Fiscal Decentralization: Failures of Tiebout Competition. 2011.
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