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02028cas a2200325 a 4500 |
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AALejournalIMF007869 |
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230101c9999 xx r poo 0 0eng d |
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|c 5.00 USD
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|z 9781451858815
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Le Breton, Michel.
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|a The Art of Making Everybody Happy :
|b How to Prevent a Secession /
|c Michel Le Breton, Shlomo Weber.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2001.
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|a 1 online resource (36 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a In this paper we consider a model of the country with heterogeneous population and examine compensation schemes that may prevent a threat of secession by dissatisfied regions. We show that horizontal imbalances are combatable with secession-proof compensation schemes that entail a degree of partial equalization: the disadvantageous regions should be subsidized but the burden on advantageous regions should not be too excessive. In the case of uniform distribution, we establish the 50-percent compensation rule for disadvantageous regions. Thus, we argue for a limited gap reduction between advantageous and disadvantageous regions and show that neither laissez faire nor Rawlsian allocation is secession-proof.
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|a Mode of access: Internet
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|a Cost Allocation
|2 imf
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|a Partial Equalization
|2 imf
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|a Threat Of Secession
|2 imf
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|a Transfer Schemes
|2 imf
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|a WP
|2 imf
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|a Russian Federation
|2 imf
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|a Weber, Shlomo.
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|a IMF Working Papers; Working Paper ;
|v No. 2001/176
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2001/176/001.2001.issue-176-en.xml
|z IMF e-Library
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