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The Division of Functions Among Levels of Government
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allocation analysis assume behavior bond finance capital central government chapter Charles Tiebout collective constraint consume cost-savings countercyclical curve debt finance decentralized levels decision-making degree of fiscal desired determine distribution of income economic units efficient level equal equation equilibrium ernment example exist federal system fiscal centralization fiscal federalism functions funds head tax IBRD implies incentive income effect increase indifference curve individual inefficiencies intergovernmental grants James Buchanan joint consumption jurisdictions level of consumption level of output level of provision levels of government locality lump-sum grant marginal cost matching grant ment mobility Musgrave National Tax Journal nomic Pareto-efficient particular payments Pigovian political preferences problem property tax property values public expenditures Public Finance public sector public services redistributive relatively residents result revenues spending spillover benefits suggests sumers tax rates taxation Tiebout model tion tive typically unconditional grants unit subsidy variable welfare