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Why not in your backyard?: on the location and size of a public facility

Bellettini, Giorgio; Kempf, Hubert - 2008

introduce a common-agency lobbying game, where agents attempt to influence the location and provision decisions by the … lobbying game can replicate the optimal solution. Second, under-provision and over-provision of the public good may be obtained … an agglomeration effect. Third, some non-lobbying neighborhoods may be better off than in the case where all …

Persistent link: https://www.econbiz.de/10010264324

Multinational capital structure and tax competition

Wrede, Matthias - 2010

This paper analyzes tax competition when welfare maximizing jurisdictions levy source-based corporate taxes and multinational enterprises choose tax-efficient capital-to-debt ratios. Under separate accounting, multinationals shift debt from low-tax to high-tax countries. The Nash equilibrium of...

Persistent link: https://www.econbiz.de/10010270526

On the desirability of taxing charitable contributions

Blumkin, Tomer; Sadka, Efraim - 2007

We develop a model that allows for public goods and status signaling through charitable contributions. This model provides a unified framework in which contributions are driven both by altruism and status signaling. We use this setup to re-examine the conventional practice of rendering a...

Persistent link: https://www.econbiz.de/10010264058

Competing for recognition through public good provision

Polborn, Mattias - 2007

Consider a setting in which several groups of individuals with common interests ("clubs") compete with each other for recognition by other individuals. Depending on the context, recognition may be expressed by these other individuals joining a club, or choosing one club to admire. Clubs compete...

Persistent link: https://www.econbiz.de/10010264071

Equal sacrifice and fair burden sharing in a public goods economy

Buchholz, Wolfgang; Peters, Wolfgang - 2007

Applying a willingness to pay approach known from contingent valuation in environmental economics, we develop an ordinally based measure for the size of individual sacrifice that is connected with an agent's contribution to a public good. We construct a selection mechanism that picks the unique...

Persistent link: https://www.econbiz.de/10010264129

Policies to internalize reciprocal international spillovers

Altemeyer-Bartscher, Martin; Rübbelke, Dirk T. G.; … - 2007

An effective policy scheme to overcome the suboptimal low provision levels of global public goods is developed in this paper. By suggesting a decentralized approach to raise environmental public good provision levels we take account of the lack of a coercive global authority that is able to...

Persistent link: https://www.econbiz.de/10010264177

Public goods provision and sanctioning in privileged groups

Reuben, Ernesto; Riedl, Arno - 2007

In public good provision, privileged groups enjoy the advantage that some of its members find it optimal to supply a positive amount of the public good. However, their inherent asymmetric nature may make the enforcement of cooperative behavior through informal sanctioning harder to accomplish....

Persistent link: https://www.econbiz.de/10010264181

Revisiting the decentralization theorem: on the role of externalities

Koethenbuerger, Marko - 2007

The "Decentralization Theorem" (Oates, 1972) is central to the discussion of fiscal federalism. We revisit the role of consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of spillovers may reduce the difference in utility of...

Persistent link: https://www.econbiz.de/10010264235

Habit formation, strategic extremism and debt policy

Matsen, Egil; Thøgersen, Øystein - 2007

We suggest a probabilistic voting model where voters' preferences for alternative public goods display habit formation. Current policies determine habit levels and in turn the future preferences of the voters. This allows the incumbent to act strategically in order to influence the probability...

Persistent link: https://www.econbiz.de/10010264268

Productive government expenditure and economic growth

Irmen, Andreas; Kuehnel, Johanna - 2008

We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...

Persistent link: https://www.econbiz.de/10010264372