To date, China has maintained a variety of restrictions on its financial markets. In addition to imposing capital … foreign stock markets, and the amount they can sell. China is unique in that foreigners pay much less than domestic investors …

, and poor, capital-scarce and low productivity countries. We address two main issues: the efficiency of tax competition and … efficiency of tax competition. We also demonstrate how capital mobility within the union strengthens the competition over …

regarding horizontal and vertical tax competition. Forced property tax rate increases have a clear and lasting effect on tax …

literature has been prominent in legislative debates about taxation as a tool to discourage smoking, and has contributed theory …

Basic economic theory identifies a number of efficiency gains that derive from international capital mobility. But just …

It is often argued that tax competition may lead to a "race to the bottom". Such a race may hold indeed in the case of … its own welfare (tax-benefit) policy. We let these two countries engage in fiscal competition. Using numerical simulations …

.e., the 'losers'). The losers are counties that have survived a long selection process, but narrowly lost the competition. We …

Theory predicts that strategically-determined tax rates induce negative externalities across countries in relative …, general equilibrium environment and its effects on quantitative outcomes of tax competition in one-shot games over capital … calibrated taxes, suggesting that European taxes can be the outcome of Nash competition. When consumption taxes are adjusted to …