Showing 1 - 10 of 76
Much attention has been given to the impact of fiscal competition on the level of public expenditure, but relatively little to the impact on its composition. Using a broadly familiar and reasonably rich model of fiscal competition in the presence of mobile capital, this paper establishes a...
Persistent link: https://www.econbiz.de/10005669290
This contribution investigates the effictiveness and welfare implications of fiscal policies in a context of multilateral trade, when traders behave strategically. The present approach deals simultaneously with two aspects of fiscal policies: collecting resources for redistributive purposes and...
Persistent link: https://www.econbiz.de/10005008355
We investigate the effectiveness of tax and transfer policies in correcting market distortions when the economy is imperfectly competitive. We perform this analysis in the context of an exchange model representing a bilateral oligopoly situation, which constitutes a particular example of a...
Persistent link: https://www.econbiz.de/10005008620
This contribution investigates the effectiveness and welfare implications of fiscal policies in a context of multilateral trade, when traders behave strategically. The present approach deals simultaneously with two aspects of fiscal policies: collecting resources for redistributive purposes and...
Persistent link: https://www.econbiz.de/10005669327
We establish the precise connections between progressive taxation and inequality reduction, in a setting where the … traditional literature on taxation, the equivalence between inequality reduction and the combination of progressivity and income …
Persistent link: https://www.econbiz.de/10005043071
Progressivity, inequality reduction and merging-proofness are three wellknown axioms in taxation. We investigate … implications of each of the three axioms through characterizations of several families of taxation rules and their logical … relations. We also study the preservation of these axioms under two operators on taxation rules, the so-called convexity …
Persistent link: https://www.econbiz.de/10005043628
This paper presents a simple two-country model with mobile capital and immobile labour, in which there are two classes of individuals, the workers and the capital owners. A source-based tax on capital income is used to finance transfers to workers. If the two countries are homogeneous in all...
Persistent link: https://www.econbiz.de/10005669235
In a dynamic general equilibrium setup, this paper highlights the role of vintages and creative destruction in business fluctuations. By stressing the forward-looking characteristic of the optimal scrapping rule, we use a standard rational expectations argument to show the constancy of the...
Persistent link: https://www.econbiz.de/10005669320
We study a model in which asymmetric regions compete for capital with both public investments and taxes. Public investments are chosen in the first stage, and then source income taxes are set in the second stage. Public investments increase the productivity of capital and they also serve to...
Persistent link: https://www.econbiz.de/10011246313
This paper reexamines the work of Kempf and Rota-Graziosi (J. Pub. Econ. 94: 768-776, 2010), which shows that leadership by the small region is the risk dominant equilibrium under the endogenous timing game. They obtain this result in a model where the asymmetry among countries translates into...
Persistent link: https://www.econbiz.de/10011228289