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  • 标题:Bringing in Liquidity and Transparency when the Power Sector is Consolidated: The Duty to Trade on the Power Exchange
  • 本地全文:下载
  • 作者:Mariusz Swora ; Jacek Kamiński
  • 期刊名称:Review of Economics and Institutions
  • 印刷版ISSN:2038-1379
  • 出版年度:2017
  • 卷号:8
  • 期号:1
  • 页码:29
  • DOI:10.5202/rei.v8i1.248
  • 语种:English
  • 出版社:University of Perugia
  • 摘要:The present model analyses how the state would provide services when the change of power depends upon the performance of the state. Agents can evaluate state performance based either only on the receipt of government services, or both on the benefit from government services and taxes imposed. With a credible threat of power change, if the valuation of the government services is low, along with a low fiscal capacity, then it is less probable that this service would be provided. Furthermore, such an allocation is compared with a situation, when there exists a threat of active opposition. Interestingly, that threat does not change the optimum provisioning of government services (as compared to the previous situation) in the equilibrium.
  • 其他摘要:The present model analyses how the state would provide services when the change of power depends upon the performance of the state. Agents can evaluate state performance based either only on the receipt of government services, or both on the benefit from government services and taxes imposed. With a credible threat of power change, if the valuation of the government services is low, along with a low fiscal capacity, then it is less probable that this service would be provided. Furthermore, such an allocation is compared with a situation, when there exists a threat of active opposition. Interestingly, that threat does not change the optimum provisioning of government services (as compared to the previous situation) in the equilibrium.
  • 关键词:market failure; transparency; power exchange
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