This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind … ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by … the intention underlying this action. The theory explains the relevant stylized facts of a wide range of experimental …

factors to influence the choice of destination municipality. …

local jurisdictions on average. The vast majority of these cities are characterized by a central municipality that strongly … and empirical literatures, focusing in particular on models of asymmetric tax competition, of taxation and income sorting …

repeated interactions model of tax competition when there are three countries with heterogenous capital endowments. We show …

to tax competition and an inevitable “race to the bottom.” This paper provides an empirical analysis of the reaction of … novel panel dataset covering the 48 contiguous U.S. states for the period 1965 to 2006 and is guided by the theory of … strategic tax competition. The latter suggests that capital tax policy is a function of “foreign” (out-of-state) tax policy …

countries over the last decades are consistent with tougher international competition for foreign direct investment (FDI). To …