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http://hdl.handle.net/2445/116329
Title: | Vertical externalities with lump-sum taxes: how much difference does unemployment make? |
Author: | Martínez López, Diego Sjögren, Tomas |
Keywords: | Impostos Atur Externalitats (Economia) Taxation Unemployment Externalities (Economics) |
Issue Date: | 2012 |
Publisher: | Institut d’Economia de Barcelona |
Series/Report no: | [WP E-IEB12/25] |
Abstract: | This paper analyses how the existence of unemployment affects the conventional approach to vertical externalities. We discuss the optimality rule for the provision of public inputs both in an unitary and a federal country. Our findings show that decentralizing the spending responsability on public inputs can bring its optimality rule closer to the production efficiency condition. Moreover, we describe the inability of the federal government, behaving as Stackelberg leader, to replicate the unitary outcome, unless to have new policy instruments at government’s disposal. |
Note: | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
It is part of: | IEB Working Paper 2012/25 |
URI: | http://hdl.handle.net/2445/116329 |
Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
Files in This Item:
File | Description | Size | Format | |
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IEB12-25_Martinez+Sjogren.pdf | 491.66 kB | Adobe PDF | View/Open |
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