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Even Small Trade Costs Restore Efficiency in Tax Competition

Becker, Johannes - 2010

We introduce transport cost of trade in products into the classical Zodrow and Mieszkowski (1986) model of capital tax competition. It turns out that even small levels of transport cost lead to a complete breakdown of the seminal result, the underprovision of public goods. Instead, there is a...

Persistent link: https://www.econbiz.de/10013136648

Multimarket Linkages, Cartel Discipline and Trade Costs

Agnosteva, Delina - 2018

We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....

Persistent link: https://www.econbiz.de/10012926563

Multi-Pollutant Point-Nonpoint Trading with Participation Decisions : The Role of Transaction Costs

Reeling, Carson - 2018

efficiency gains. Point sources generate a single pollutant, while nonpoint sources generate multiple, complementary pollutants … attraction around the full-participation equilibrium, and thus may improve pollution trading efficiency relative to distinct …

Persistent link: https://www.econbiz.de/10012911045

Trade Cost Reduction and Foreign Direct Investment in a Vertical Structure

Haque, M. Emranul - 2017

Although empirical evidence shows that a lower trade cost and higher FDI may go hand in hand, the well-known “proximity-concentration” hypothesis does not support this view. We provide a simple explanation for this phenomenon. We show that a lower trade cost on the intermediate goods (with...

Persistent link: https://www.econbiz.de/10012943399

Illiquidity and Under-Valuation of Firms

Gale, Douglas M. - 2012

restore the efficiency of equilibria …

Persistent link: https://www.econbiz.de/10013116475

Upstream Horizontal Mergers and Efficiency Gains

Milliou, Chrysovalantou - 2009

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … efficiency gains can overcome its anti-competitive effects in terms of welfare, we show that when firms merge usually both of the …

Persistent link: https://www.econbiz.de/10013157197

Efficiency Enhancing Taxation in Two-Sided Markets

Kind, Hans Jarle - 2008

This paper examines the efficient provision of goods in two-sided markets and characterizes optimal specific and ad-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) output may be reduced by imposing negative value-added taxes (subsidy) or...

Persistent link: https://www.econbiz.de/10012772273

Petchey's (2015) Extension of Oates & Schwab's (1988) Efficiency Result Revisited

Eichner, Thomas - 2017

disposal a capital tax and an environmental standard. Petchey (2015) claims that the efficiency result of Oates and Schwab can … be extended to a large price-influencing jurisdiction. In the present note we show that the concept of Pareto efficiency …

Persistent link: https://www.econbiz.de/10012962602

Inefficient Lock-In and Subsidy Competition

Borck, Rainald - 2009

This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric …

Persistent link: https://www.econbiz.de/10012764278

Tax Competition and the Efficiency of 'Benefit-Related' Business Taxes

Gugl, Elisabeth - 2015

tax results in overprovision of the public service, while the effects of a capital tax - and thus the relative efficiency …

Persistent link: https://www.econbiz.de/10013012284

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