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- W1550072550 abstract "This paper discusses how the state government�s behavior is affectedwhen the so called Representative Tax System equalizationscheme is implemented. In particular, we study the changes in themarginal cost of the public funds, and in the first order conditions forthe optimal provision of a public input. A reduction in the MCPF isto be expected when lump-sum grants are replaced by RTS equalizationtransfers. However, this result has to be qualified under certainassumptions. Also we find that there does not exist a clear relationshipbetween the degree of fiscal equalization and the marginal cost ofproviding the public input and the tax setting." @default.
- W1550072550 created "2016-06-24" @default.
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- W1550072550 date "2005-01-01" @default.
- W1550072550 modified "2023-09-27" @default.
- W1550072550 title "On states' behavior with equalization grants *" @default.
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