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Stable and Sustainable Global Tax Coordination with Leviathan Governments
Eichner, Thomas - 2014
Itaya et al. (2014) study the conditions for sustainability and stability of capital tax coordination in a repeated game model with tax-revenue maximizing governments. One of their major results is that the grand tax coalition is never stable and sustainable. The purpose of this note is to prove...
Persistent link: https://www.econbiz.de/10013048825
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Fiscal Competition, Convergence and Agglomeration
Fenge, Robert - 2007
This paper analyzes the impact of fiscal competition through infrastructure in a New Economic Geography framework. It is shown that regional competition leads to convergence if the trade costs are high but induces divergence if trade cost have fallen below a certain value. Moreover, fiscal...
Persistent link: https://www.econbiz.de/10012776022
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It's All in Marshall : The Impact of External Economies on Regional Dynamics
Audretsch, David B. - 2015
Marshall's student Pigou noted: quot;It's all in Marshall.quot; From a static point of view, this seems rather bold in a constantly changing world. However, this statement becomes more plausible in a dynamic context, where principles are subject to change. Indeed, over time, Marshall's concept...
Persistent link: https://www.econbiz.de/10012750329
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Sustainable Climate Treaties
Gersbach, Hans - 2017
We examine long-run treaties for mitigating climate change. Countries pay an initial fee into a global fund that is invested in long-run assets. In each period, part of the fund is distributed among the participating countries in relation to the emission reductions they have achieved in this...
Persistent link: https://www.econbiz.de/10012958888
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Capacity Constraining Labor Market Frictions in a Global Economy
Holzner, Christian - 2011
Convex vacancy creation costs shape firms' responses to trade liberalization. They induce capacity constraints by increasing firms' cost of production, leading a profit maximizing firm not to fully meet the increased foreign demand. Hence, firms will only serve a few export markets. More...
Persistent link: https://www.econbiz.de/10013119834
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Global Sourcing of Complex Production Processes
Schwarz, Christian - 2011
We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and …
Persistent link: https://www.econbiz.de/10013120903
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Shift Working and Trade in Labor Services with Time Zone Differences
Kikuchi, Toru - 2011
Using a two-factor (labor and capital), two-good (shift-working and non shiftworking commodities) model with two countries (Home and Foreign) which are located in different time zones, we highlight the impact of trade in labor services (via communication networks) on the comparative advantage of...
Persistent link: https://www.econbiz.de/10013121206
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Globalization and the (Mis)Governance of Nations
Blouin, Arthur - 2013
We analyze whether or not the globalization of capital, ‘disciplines' governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This … ‘golden straitjacket'. However, globalization may also ‘overdiscipline' governments - resulting in a perverse impact on …
Persistent link: https://www.econbiz.de/10013091699
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Incomplete Contracts and the Impact of Globalization on Consumer Welfare
Defever, Fabrice - 2014
We embed a North-South trade model into an incomplete contracts setting where the production of heterogeneous firms can be geographically separated. When a Northern headquarter contracts with a Southern supplier instead of a Northern supplier, the presence of international incomplete contracts...
Persistent link: https://www.econbiz.de/10013067873
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A Simple Model of Globalization, Schooling and Skill Acquisition
Davidson, Carl - 2013
worse. Globalization impacts educational behavior and labor market outcomes differently as the extent of firms engaged in …
Persistent link: https://www.econbiz.de/10013075958