Optimal regional insurance provision: do federal transfers complement local debt?

DOI10.1007/S00712-022-00779-7MaRDI QIDQ2163091zbMATH OpenOpenAlexFDO

Authors Darong Dai, Weige Huang, Liqun Liu, Guoqiang Tian

Publication date 10 August 2022

Published in Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00712-022-00779-7

zbMATH Keywords

asymmetric informationintergenerational spilloverintergovernmental transferlocal government debtmechanism designregional economic shocks

Mathematics Subject Classification ID

Mechanism design theory (91B03) Public goods (91B18) Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• Interregional redistribution and budget institutions with private information on intergenerational externality
• Optimal interregional redistribution and local budget rules with multidimensional heterogeneity
• Federal Fiscal Constitutions: Risk Sharing and Moral Hazard
• Optimal taxation and intergovernmental transfer in a dynamic model with multiple levels of government.
• Fiscal federalism and interstate risk sharing: empirical evidence from Germany.

Cites work

• Capitalization, decentralization, and intergenerational spillovers in a tiebout economy with a durable public good
• Federal Fiscal Constitutions: Risk Sharing and Moral Hazard
• Inter-jurisdiction migration and the fiscal policies of local governments
• Interregional redistribution and budget institutions with private information on intergenerational externality
• Ironing, Sweeping, and Multidimensional Screening

Cited in

(4)

• Interregional redistribution and budget institutions with private information on intergenerational externality
• Fiscal federalism and interstate risk sharing: empirical evidence from Germany.
• Optimal interregional redistribution and local budget rules with multidimensional heterogeneity
• Interregional spillovers and optimal budget institutions under asymmetric information

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