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dc.contributor.authorHuber, Bernden
dc.contributor.authorRunkel, Marcoen
dc.date.accessioned2009-01-28T15:54:03Z-
dc.date.available2009-01-28T15:54:03Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/18955-
dc.description.abstractEmpirical evidence from the U.S. and the European Union suggests that regions whichcontribute to interregional redistribution face weaker borrowing constraints than regionswhich benefit from interregional redistribution. This paper presents an argument in favor ofsuch differentiated budgetary institutions. It develops a two-period model of a federationconsisting of two types of regions. The federal government redistributes from one type ofregions (contributors) to the other type (recipients). It is shown that a fiscal constitution withlax budget rules for contributors and strict budget rules for recipients solves the self-selectionproblem the federal government faces in the presence of asymmetric information regardingexogenous characteristics of the regions.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1491en
dc.subject.jelD82en
dc.subject.jelH77en
dc.subject.jelH74en
dc.subject.ddc330en
dc.subject.keywordasymmetric informationen
dc.subject.keywordinterregional redistributionen
dc.subject.keywordborrowing rulesen
dc.subject.stwFinanzausgleichen
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwRegionen
dc.subject.stwAsymmetrische Informationen
dc.subject.stwFinanzföderalismusen
dc.subject.stwTheorieen
dc.titleInterregional redistribution and budget institutions under asymmetric information-
dc.typeWorking Paperen
dc.identifier.ppn500467706en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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