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Federalism as a Commitment to Preserving Market Incentives

Yingyi Qian

in How Reform Worked in China: The Transition from Plan to Market

Published in print:
2017
Published Online:
May 2018
ISBN:
9780262534246
eISBN:
9780262342728
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262534246.003.0009
Subject:
Economics and Finance, International

We advance a new perspective in the study of federalism. Our approach views federalism as a governance solution of the state to credibly preserving market incentives. Market incentives are preserved ... More


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