Reviewing Oates' insights in a repeated game setting

Oliver Koppel ()

Economics of Governance, 2005, vol. 6, issue 3, 229-243

Abstract: This paper analyzes the optimal assignment of public good policies to layers of a federal system in a repeated game setting. Under a centralized regime, public goods are financed jointly across regions, and a federal legislature decides on the regional quantities. Under a decentralized regime, public goods are financed locally, and governments play a non-cooperative provision game. We find that a centralized (decentralized) regime is more likely to provide the efficient public good policies in case spillovers are small (large). Copyright Springer-Verlag Berlin/Heidelberg 2005

Keywords: Federalism; public goods; spillovers; repeated game (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1007/s10101-004-0082-x

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