usually taken as an argument against the necessity of government intervention through Pigouvian taxation in order to correct … externalities. We show that the hold-up problem, which occurs if non-verifiable investments have external effects and parties cannot … be prevented from always trying to exploit all gains from trade, may in fact be solved by taxation. Thus, in our …

The paper analyses the problem of optimal taxation in oligopoly when environmental degradation induced by the industry … environment only because its degradation affects the industry's economic performance. The environment does not enter directly … concentration and emission taxation is explored. The second part of the paper faces the problem of optimal taxation. We show that …

This paper considers the taxation of small business and entrepreneurial incomes in Poland. In both transition economies … and existing West European market economies, the efficient taxation of entrepreneurial incomes presents particular … to the taxation of entrepreneurs in transition economies. …

of different approaches to fiscal equalization schemes (Boadway and Flatters, 1982, and Weingast, 2006). We show that tax … competition distorts (downwards) public investments and that the equalization grants discourage public investments with a little … effect on equilibrium taxes. However, the equalization schemes remain beneficial not only for the federation and, under a low …

sharing between the states and the federal government and the fiscal equalization mechanism (Länderfinanzausgleich) together …

inequality of outcomes in a “snapshot.” Intergenerational mobility and “equality of opportunity”, so the argument goes, is what … matters for normative evaluation. In response to this counter, we ask what pattern of intergenerational mobility leads to … as identical prospects irrespective of starting position. We find that this is not necessarily the mobility pattern which …

In this paper we provide a comparative analysis of the extent and determinants of labour mobility in the Czech Republic … during 1994-1998. Our analysis is motivated by the fact that labour mobility is crucial for an efficient allocation of … experiencing the most mobility and the more positive directions of mobility. The existing problems of inadequate restructuring …

determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment …

' incentives to share information about borrowers are positively related to the mobility and heterogeneity of borrowers, to the …, the United Kingdom and the United States, where the geographical mobility of households is high and the consumer credit … market is deep; while in countries with low mobility and thin consumer credit markets, e.g. Belgium and Italy, information …