for both the public pay-as-you-go pension scheme and the public education system. Without labor mobility, each generation … generation and can thus be used as a commitment device for low taxes. …

that global carbon taxes remain elusive, policy makers have to use a second-best subsidy. In case of credible commitment … transition to the carbon-free takes longer and cumulative carbon emissions are higher. Under first-best and second best with pre-commitment … peak warming is 2.1 - 2.3 °C, under second best without commitment 3.5°C, and without any policy temperature 5.1°C above …

can thus use promises not to vote-sell as a commitment device. An invitation to promise not to vote-sell is taken up by a …

to the traditional motivation emphasizing public good aspects. …

the role of long-run and short-run price stickiness under discretion and commitment in a straightforward and intuitive way … when a commitment to hold nominal rates at zero for an extended period is optimal. We then introduce government spending …

When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to … reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the … paradox, and also show how it may be avoided by introducing a commitment device. …

This paper examines capital tax competition in the presence of an interstate transfer policy without federal commitment …. Lack of commitment implies that tax policy is chosen prior to federal transfers. The paper s main result is that ex …

-intrusive approach aimed at fostering the commitment to pay taxes. Using a between-subject design in a unique field setting, we … previously compliant taxpayers are more likely to make a promise, the commitment to do so can improve payment behaviour. This …