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dc.contributor.authorHuber, Bernden_US
dc.contributor.authorRunkel, Marcoen_US
dc.date.accessioned2009-01-28T15:54:03Z-
dc.date.available2009-01-28T15:54:03Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18955-
dc.description.abstractEmpirical evidence from the U.S. and the European Union suggests that regions which contribute to interregional redistribution face weaker borrowing constraints than regions which benefit from interregional redistribution. This paper presents an argument in favor of such differentiated budgetary institutions. It develops a two-period model of a federation consisting of two types of regions. The federal government redistributes from one type of regions (contributors) to the other type (recipients). It is shown that a fiscal constitution with lax budget rules for contributors and strict budget rules for recipients solves the self-selection problem the federal government faces in the presence of asymmetric information regarding exogenous characteristics of the regions.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1491en_US
dc.subject.jelD82en_US
dc.subject.jelH77en_US
dc.subject.jelH74en_US
dc.subject.ddc330en_US
dc.subject.keywordasymmetric informationen_US
dc.subject.keywordinterregional redistributionen_US
dc.subject.keywordborrowing rulesen_US
dc.subject.stwFinanzausgleichen_US
dc.subject.stwÖffentliche Schuldenen_US
dc.subject.stwRegionen_US
dc.subject.stwAsymmetrische Informationen_US
dc.subject.stwFinanzföderalismusen_US
dc.subject.stwTheorieen_US
dc.titleInterregional redistribution and budget institutions under asymmetric informationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn500467706en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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