Rent-seeking, spillovers and the benefits of decentralization

Abstract

In the presence of spillovers, decentralized provision of local public goods may lead to a higher surplus than centralized provision even though localities have identical preferences. Indeed, free-riding costs associated to decentralization can be lower than the costs of rent-seeking and influence activities under centralization. Actually, centralization… (More)

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Cite this paper

@inproceedings{Cheikbossian2007RentseekingSA, title={Rent-seeking, spillovers and the benefits of decentralization}, author={Guillaume Cheikbossian}, year={2007} }