Federal Fiscal Constitutions: Risk Sharing and Moral Hazard
- 1 May 1996
- journal article
- Published by JSTOR in Econometrica
- Vol. 64 (3) , 623
- https://doi.org/10.2307/2171864
Abstract
We study the collective choice of fiscal policy in a "federation" with two levels of government. Local policy redistributes across individuals and aff...Keywords
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