Fiscal Externalities Over Long Horizons

Arman Mansoorian
Additional contact information
Arman Mansoorian: York University, Canada

Working Papers from York University, Department of Economics

Abstract: The fiscal externality model is extended to an infinite horizon setting with stochastic technologies. With imperfect population mobility some gains from risk sharing are not exploited by the regional authorities. Nevertheless, regional authorities who care about their reputation may be able to commit to an efficient allocation. For this to happen the present value of the gains from coordination to each region should be larger than the instantaneous costs to the region of making the transfers necessary for risk sharing. It is not possible to say a priori whether improvements in the degree of mobility will make this more likely.

Pages: 19 pages
Date: 1996-04
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
ftp://dept.econ.yorku.ca/pub/working_papers/96-04.pdf First version, 1996
Our link check indicates that this URL is bad, the error code is: 500 Failed to connect to FTP server dept.econ.yorku.ca: nodename nor servname provided, or not known

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:yca:wpaper:1996_04

Access Statistics for this paper

More papers in Working Papers from York University, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Support ( this e-mail address is bad, please contact ).