We review yardstick competition theory as applied to fiscal choices in the intergovernmental context. We show that the theory is consistent with opposite results concerning neighbouring’ fiscal behaviour, and discuss some empirical implications.
Bordignon, M., Cerniglia, F., Revelli, F. (2004). Yardstick competition in intergovernmental relationships: theory and empirical predictions. ECONOMICS LETTERS, 83(3), 325-333 [10.1016/j.econlet.2003.11.014].
Yardstick competition in intergovernmental relationships: theory and empirical predictions
CERNIGLIA, FLORIANA MARGHERITA;
2004
Abstract
We review yardstick competition theory as applied to fiscal choices in the intergovernmental context. We show that the theory is consistent with opposite results concerning neighbouring’ fiscal behaviour, and discuss some empirical implications.
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