作者
Thomas Aronsson, David Granlund
发表日期
2017/6
期刊
International Tax and Public Finance
卷号
24
页码范围
536-545
出版商
Springer US
简介
In this note, we analyze whether a federal transfer system can be designed to increase welfare when state governments create political budget cycles. The results show how the federal government can counteract the welfare costs of these cycles, without hindering politicians from signaling their type, by announcing a transfer scheme to subsidize expenditures that voters do not consider when voting.
学术搜索中的文章
T Aronsson, D Granlund - International Tax and Public Finance, 2017