Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/wiley/risk-sharing-in-a-federation-with-population-mobility-and-long-OKIyPxNv1W
References (21)
-
M. Gertler (1988)
Financial Structure and Aggregate Economic Activity: an OverviewCapital Markets: Market Efficiency
-
J. Burbidge, Gordon Myers (1994)
Population mobility and capital tax competitionRegional Science and Urban Economics, 24
-
Arman Mansoorian, Gordon Myers (1993)
Attachment to home and efficient purchases of population in a fiscal externality economyJournal of Public Economics, 52
-
D. Wildasin (1995)
Factor Mobility, Risk and Redistribution in the Welfare StateThe Scandinavian Journal of Economics, 97
-
M. Gertler, Kenneth Rogoff (1990)
North-South Lending and Endogenous Domestic Capital Market InefficienciesJournal of Monetary Economics, 26
-
Arman Mansoorian, Gordon Myers (1997)
On the consequences of government objectives for economies with mobile populationsJournal of Public Economics, 63
-
Z. Hercowitz, D. Pinés (1991)
Migration with fiscal externalities.Journal of public economics, 46 2
-
R. Boadway (1982)
On the Method of Taxation and the Provision of Local Public Goods: CommentThe American Economic Review, 72
-
F. Flatters, V. Henderson, Peter Mieszkowski (1974)
Public goods, efficiency, and regional fiscal equalizationJournal of Public Economics, 3
-
(1996)
Fiscal Policy in a Federation: Risk Sharing and Redistribution -
D. Wellisch (1994)
Interregional spillovers in the presence of perfect and imperfect household mobilityJournal of Public Economics, 55
-
A. Alesina, G. Tabellini (1988)
Credibility and politicsEuropean Economic Review, 32
-
J. Burbidge, Gordon Myers (1994)
Redistribution within and across the Regions of a FederationCanadian Journal of Economics, 27
-
D. Wildasin (1991)
Income Redistribution in a Common Labor MarketThe American Economic Review, 81
-
Barry Eichengreen, J. Frieden (1993)
THE POLITICAL ECONOMY OF EUROPEAN MONETARY UNIFICATION: AN ANALYTICAL INTRODUCTIONEconomics and Politics, 5
-
T. Persson, G. Tabellini (1996)
Federal Fiscal Constitutions: Risk Sharing and Moral HazardEconometrica, 64
-
Barry Eichengreen (1993)
European Monetary UnificationJournal of Economic Literature, 31
-
T. Persson, G. Tabellini (1990)
Macroeconomic policy, credibility and politics -
Gordon Myers, Y. Papageorgiou (1997)
Efficient Nash equilibria in a federal economy with migration costsRegional Science and Urban Economics, 27
-
Gordon Myers (1990)
Optimality, free mobility, and the regional authority in a federationJournal of Public Economics, 43
-
R. Boadway, F. Flatters (1982)
Efficiency and Equalization Payments in a Federal System of Government: A Synthesis and Extension of Recent ResultsCanadian Journal of Economics, 15
- Publisher
- Wiley
- Copyright
- Copyright © 2000 Wiley Subscription Services, Inc., A Wiley Company
- ISSN
- 0008-4085
- eISSN
- 1540-5982
- DOI
- 10.1111/0008-4085.00035
- Publisher site
- See Article on Publisher Site
Abstract
In this paper risk sharing among individuals within and across regions in a federation with population mobility and infinite horizons is considered. It is shown that the regional authorities will not fully exploit gains from interregional risk sharing when population mobility is imperfect. In the Nash equilibrium there is complete risk sharing among the individuals within each region, however, which corresponds to the policies of the central authority. Regional authorities who care about their reputation may be able to commit to an efficient allocation. It is possible that improvements in the degree of mobility will make such commitments less likely. JEL Classification: H77, E61, and F36.
Journal
Canadian Journal of Economics/Revue Canadienne D'économique – Wiley
Published: Aug 1, 2000