Federalism as a Commitment to Preserving Market Incentives
Bibliographic Data
| ID | 4029328 |
|---|---|
| Authors | Yingyi Qian (Assistant Professor of Economics, Stanford University, Stanford, California.), Barry R Weingast (0000-0002-4991-2444, Senior Fellow, Hoover Institution, and Ward C. Krebs Family Professor of Political Science, Stanford University, Stanford, California.) |
| Year | 1997 |
| Volume | 11 |
| Issue | 4 |
| Pages | 83-92 |
| Publication date | 1997-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.11.4.83 |
| OpenAlex | W2053174125 |
| Language | EN |
| Citations received | 323 |
| References cited | 19 |
The authors advance a new perspective in the study of federalism. Their approach views federalism as a governance solution of the state to credibly preserving market incentives. Market incentives are preserved if the state is credibly prevented from compromising on future economic success and from bailing out future failures. The salient features of federalism--decentralization of information and authority and interjurisdictional competition--help provide credible commitment or these purposes. In addition, the authors suggest that some federalism are self-sustaining
Cooperative federalism · Corporate governance · Decentralization · Economics · Federalism · fiscal federalism · Incentive · Market economy · Political science · Politics · Public economics · Salient · Law · Law, Economics, and Judicial Systems · Legal and Constitutional Studies · Politics, Economics, and Education Policy · Finance
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| Unique citing works | 323 |
|---|---|
| Citations per year | 11,54 |
| Citation span | 1998 - 2026 (29) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 303 |