The Welfare Economics of Autarky, Federalism, and Federation Formation
Paul Rothstein () and
Gary Hoover ()
Working Papers from Western Sydney - School of Business And Technology
Consider a group of isolated or autarkic regions. If the regions from a federation, on expects to see greater efficiency in production at the cost of reduced local control over the distribution of consumption. Under what circumstances is this tradoff even potentially beneficial to all regions?
Keywords: FEDERATION; REGIONAL ECONOMY; TAX POLICY (search for similar items in EconPapers)
JEL-codes: H11 R12 (search for similar items in EconPapers)
Pages: 34 pages
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Persistent link: https://EconPapers.repec.org/RePEc:fth:wesybu:207
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