The Completely Decentralized CityFred E. Foldvary

Monograph from City and Country.

The Case for Benefits Based Public Finance.
An alternative to centralized top-down city governance is a multi-level bottom-up structure based on small neighborhood contractual communities. This paper analyzes the voting rules and public finances of decentralized, contractual urban governance and the likely outcome of such a constitutional structure, substantially reduced transfer seeking or rent seeking.

Author Fred E. Foldvary
Booklet 15 pp. AJES Vol. 60 No. 1 Jan 2001
American Journal of Economics and Sociology, Inc.

The American Journal Subscription Information Blackwell Publishing

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