02-056/3 - Why does Centralisation fail to internalise Policy Externalities?

• Authors
  Robert A.J. Dur, Erasmus University Rotterdam; Hein J. Roelfsema, Utrecht University
• Publication date
  June 11, 2002

• Keywords
  Centralised decision making; strategic delegation; financing rules.
• JEL
  D72; D78; H11; H41.