Fiscal Federalism and Grants-In-Aid: The Problem of Asymmetrical Information - Hardcover

Inhaltsangabe

The history of intergovernmental grants in Britain has been characterized by dramatic changes in the grant distribution formula that some commentators have interpreted as a failure of the system to reach its objectives. In this work, the author presents a different interpretation by explaining how the different grant distribution formulae applied in the last decades characterizes the relationship between Central and local government. The book presents a unique approach to fiscal federalism and grant-in-aid since it takes explicit account of the asymmetry of the information problems that Central Government has to face. The history of grant-in-aid and the introduction of the community charge is then interpreted in the light of this problem.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.