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2.
Purpose 3. The Model
4. The model(cont . )
5. The model(cont.)
6. The model(cont.)
7. The model ( cont.) D A D B Supply function withconstant return of scale 8. The model ( cont.) D A D B Supply function withdecreasing return of scale 9. A Behavioural Simulation of Fiscal Decentralization
10. 11. 12. 13. 14. A Behavioural Simulation of Fiscal Decentralization
15. Equivalent variation (EV)
16. Efficiency and Equality Effects of the Reform
17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. Conclusions
29. Conclusions(cont.)