Konrad, Kai A.; Kovenock, Dan - Krannert School of Management, Purdue University - 2008
subject to extortionary taxation. We study the interaction between these aspects in a simple vintage capital framework with … interaction between these aspects in
a simple vintage capital framework with discrete time and an infinite
horizon, focussing on … revenue in the equilibrium.
Keywords: Dynamic tax competition, vintage capital, agglomera-
tion, foreign direct investment …