Theoretical analysis of equalization and spatial location efficiency
MetadataShow full item record
This paper shows that regional economies, such as federations or unitary countries with sub-national governments, may need a system of optimal inter-regional transfers to correct for various types of externalities related to factor mobility and location decisions. It is then argued that equalization schemes that take account of the differing expenditure and revenue needs of regions create a pattern of inter-regional transfers of income, but that they are inconsistent with what is required for spatial efficiency. Therefore, equalization is incompatible with the efficient spatial allocation of mobile factors of production. It is also shown that regions have an incentive to act strategically over equalization and distort their provision of local public goods.
Showing items related by title, author, creator and subject.
Nanoscale elastic-plastic deformation and stress distributions on the C plane of sapphire single crystal during nanoindentationMao, W.; Shen, Y.; Lu, Chungsheng (2011)The nanoscale elastic-plastic characteristics of the C plane of sapphire single crystal were studied by ultra-low nanoindentation loads with a Berkovich indenter within the indentation depth less than 60 nm. The smaller ...
Petchey, Jeffrey (2008)This paper shows that regional economies, such as federations or unitary countries with sub national governments, may need a system of optimal inter regional transfers to correct for various types of externalities related ...
Structural geology and gold mineralisation of the Ora Banda and Zuleika districts, Eastern Goldfields, Western Australia.Tripp, Gerard I. (2000)Late-Archaean deformation at Ora Banda 69km northwest of Kalgoorlie, Western Australia, resulted in upright folds (D2), ductile shear zones (D3), and a regional-scale brittle-ductile fault network (D4). Early low-angle ...