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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.
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