Hamilton's Paradox

Hamilton's Paradox

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As new federations take shape and old ones are revived around the world, a difficult challenge is to create incentives for fiscal discipline. By combining theory, quantitative analysis, and historical and contemporary case studies, this book lays out the first systematic explanation of why decentralized countries have had dramatically different fiscal experiences. It provides insights into current policy debates from Latin America to the European Union, and a new perspective on a tension between the promise and peril of federalism that has characterized the literature since The Federalist Papers.Moreover, politicians are apt to withhold or distort information from officials at other levels of government. ... however, that these spheres are actually shifting Venn diagrams that overlap and move around in response to court decisions, power struggles, ... way over time to complex vertical overlap between two and usually three levels of government.17 Overlapping and blurred sovereignty are central toanbsp;...


Title:Hamilton's Paradox
Author: Jonathan Rodden
Publisher:Cambridge University Press - 2006
ISBN-13:

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