local neighbors. Yet, competition does not eliminate all tax differences between locations, since tax rates are positively … jurisdictions are less exposed to tax competition. …

stylized facts by setting up a simple two-country model of tax competition with heterogenous firms. In this model a unique … simultaneous expansion of both markets intensifies tax competition and causes both countries to reduce their tax rates, despite …

settle where taxes are lowest, government are forced "in the splits" (double Bertrand-type tax competition). We assume that … (distorted) labour market and the fiscal game takes the form of competition among strategic intermediaries. Results from the … theory of intermediation are applied to this framework, enabling us to explain why government size may increase rather than …

Teilnehmeranschlußbereich, die sogenannte Letzte Meile. Dort ist die Einführung von Wettbewerb aufgrund der vertikalen Integration des …

To date, China has maintained a variety of restrictions on its financial markets. In addition to imposing capital … foreign stock markets, and the amount they can sell. China is unique in that foreigners pay much less than domestic investors …

To date, China has maintained a variety of restrictions on its financial markets. In addition to imposing capital … foreign stock markets, and the amount they can sell. China is unique in that foreigners pay much less than domestic investors …

are broadly inline with those observed in other countries. The theory also forecasts, however, that China will face …We show that the many unusual features of China's financial markets are consistent with a government choosing …