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Economics of Federalism
Economic Approaches to Law Series v. 7
This insightful and authoritative two-volume set examines the major issues and theories concerning federal political systems. The book covers the two main branches in the economics literature. The first branch, on competitive federalism focuses on the horizontal structure of federalism, as well as examining the jurisdictional competition between state and governments for mobile individuals and resources. The second branch focuses on fiscal federalism and examines the vertical structure of federalism, or the division of public services and taxing power between central and state governments. This comprehensive set also examines applications of the economic analysis of federalism in specific areas of the law, including: corporate law; antitrust law; environmental law; choice of law rules; contractual choice of law and public choice theory. It will be of interest to economic and legal scholars alike.
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What Reviewers Are Saying
'A terrific collection of canonical federalism articles, along with a characteristically clear-headed Introduction by the editors. The volume will be very helpful to legal scholars, economists, and political scientists who teach courses on the increasingly dominant economic theories of federalism.' -- Michael S. Greve, American Enterprise Institute, US 'The two Kobayashi-Ribstein volumes on economics of federalism contain a nicely structured collection of key papers that provide both needed background and illuminating applications of economic analysis to the basic legal issues that arise in a setting of multi-level government.' -- Wallace E. Oates, University of Maryland, College Park, US