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EU Regional Policy: Vertical Fiscal Externalities And Matching Grants
The paper considers the European Unions regional policy as a substitute for explicit side payments and asks -- from a normative and a positive point of view -- why matching grants instead of unconditional grants are used although at first sight regional policy is a national and not a union-wide task.
Link
http://www.cesifo.de/~DocCIDL/1146.pdf