The Fiscal Common Pool Problem, Municipal Mergers, and Spillovers
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DOI: 10.1177/10911421221105519
Abstract: Mergers of local governments, commonly referred to as municipal mergers, have been widely implemented to internalize spillover effects. Many empirical studies point out that municipalities change the intertemporal budget allocation by increasing their debt issuance… read more here.
Keywords: fiscal common; municipal mergers; common pool; debt issuance ... See more keywords