Ex ante free mobility, ex post immobility, and time consistency in a federal system

Autor:	Kiyoshi Mitsui, Motohiro Sato
Rok vydání:	2001
Předmět:	Economics and Econometrics education.field_of_study Ex-ante Public economics business.industry Population Distribution (economics) Public good Microeconomics Time consistency Central government Economics Federalism Time structure business education Finance
Zdroj:	Journal of Public Economics. 82:445-460
ISSN:	0047-2727
Popis:	This paper examines regional population distribution when there is an interregional transfer policy without commitment. We introduce explicitly the following time structure of actions. Individuals assumed to be identical make decisions on locational choices freely ex ante, but are immobile ex post. The fiscal policies of the local governments and the central government are implemented after individuals’ migration decisions. The basic result is that locally stable no-commitment equilibria are single-community equilibria when there is a pure local public good. We then illustrate the possibility for the interregional transfer policy to reduce the efficiency of population distribution.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ecfa3da774bd8d64debcf53c6ba8f801 https://doi.org/10.1016/s0047-2727(00)00156-0 Zobrazit plný text záznamu Full Text from ScienceDirect