This paper studies competition in regulation and commodity taxation between trading countries. We present a general equilibrium model in which destination based consumption taxes finance public goods, while regulation of entry determines the number of firms in the markets. We find (i) no...

This paper analyzes the impact of taxation on economic effciency when contracts are incomplete. We assume firms operate in a perfect competitive market and can choose between integrated or non-integrated governance to cope with contract incompleteness. Taxation reduces incentives to pursue...

In this paper we use a representative sample drawn from the `Indagine Statistica sull' Inserimento Professionale dei Laureati' by the Italian National Statistical Institute and data by the Italian Ministry of Education to look at the wage returns from attendance to a regional university (i.e....

This paper theoretically and empirically advances the hypothesis that differences in environmental preferences can be traced to cultural differences. In particular, we argue that environmental attitudes such as the willingness to pay for the environment are not solely the effect of local...