Paul Samuelson vs. Charles Teibout

Fiscal Federalism- is the system of transfer payments or grants by which a federal

government shares its revenue with lower levels of government. Federal

governments use this power to enforce national rules and standards.

Devolution- is the statutory granting of powers from the central government of a

state to government at national, regional or local level. The devolution can be mainly

financial, for example: giving areas a budget which was formerly administrated by

central government.

Monocentric Urban Model- a model in which all employment is located in the

CBD (Central Building District), and the number of trips per worker is fixed, the number

of miles a household travels is proportional to how far from the CBD it is located. This

depends on the rent gradient it faces and on the marginal cost of travel, which, in general,

varies with distance from the CBD.

Paul Samuelson



Paul Samuelson......

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Title: Paul Samuelson Vs. Charles Tiebout
Approximate Word Count: 555
Approximate Pages: 3 (250 words per double-spaced page)

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