This paper analyzes certain important shortcomings of state competition in corporate law. In particular, we show, with … state takeover law, we argue, is consistent with our theory. States have adopted antitakeover statutes that have little … competition cannot reconcile their views with the evolution of state takeover law---and should therefore reconsider their …

In theory, federal transfers that make household location decisions efficient should ignore local cost differences …

means to protect the economic interests of the once ruling elite. Under "democratic federalism" the constitution creates an …

fiscal spillovers, such as debt and public infrastructure. By contrast, interjurisdictional competition is the essential …

We revisit the classic problem of tax competition in the context of federal nations, and derive a positive theory of …. Decentralization provides such a commitment: local governments avoid using capital taxes due to the pressure of tax competition. We …