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A Note on Public Goods in a Decentralized Fiscal Union: Implications of a Participation Constraint

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    • Abstract:
      This paper re-examines the question of whether federal ex-post redistribution in terms of public funds leads to under-provision of public goods when member states may leave the economic federation. We show that federal ex-post redistribution under a binding participation constraint does not necessarily mean under-provision of local and federal public goods.
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      electronic