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| Author: | Casella, A. |
| Title: | Market mechanisms for policy decisions: tools for the European Union |
| Journal: | European Economic Review
2001 : MAY, VOL. 45:4-6, p. 995-1006 |
| Index terms: | EUROPEAN UNION POLICY VOTING |
| Language: | eng |
| Abstract: | The success of an enlarged European Union will require transparent and subtle mechanisms for policy coordination. The paper discusses two possible examples: A system of tradable deficit permits implementing the fiscal constraints of the Maastricht treaty; and a rule allowing country representatives to shift their own votes intertemporally when deliberations are taken in periodic committee meetings. |
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