Local Public Finance

Toshihiro Ihori
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Toshihiro Ihori: National Gradual Institute for Policy Studies

Chapter 13 in Principles of Public Finance, 2017, pp 363-398 from Springer

Abstract: Abstract So far, we have regarded the government as one agent. In reality, there are many governments at different levels of the public sector. From now on, we consider multiple governments, including local governments and central government. Recently, fiscal decentralization and deregulation between central and local governments have been discussed a great deal as a policy issue. This is partly because many governments fail in a real economy, as pointed out in Chap. 12 .

Keywords: Central and local governments; Intergovernmental finance; Decentralized theorem; Voting with feet; Tiebout model; Local public goods; Benefit-to-pay principle; Ability-to-pay principle; Soft budget problem; Overlapping tax base; Tax competition; Fiscal decentralization (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-981-10-2389-7_13

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