Strategic spending in federal governments: theory and evidence from the US
Past research on the allocation of federal resources to localities has failed to account for the interaction between federal and state governments. Here a sequential-move game of such interaction is developed, where state governments behave like political surrogates for the federal government when t...
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Format: | Article |
Language: | English |
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Taylor & Francis Group
2019-01-01
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Series: | Journal of Applied Economics |
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Online Access: | http://dx.doi.org/10.1080/15140326.2019.1611203 |