Muthitacharoen, Athiphat; Zodrow, George R. - In: Public Finance Review 40 (2012) 5, pp. 555-583
The authors analyze the excise tax effects of a general property tax from the perspective of a small open economy facing a perfectly elastic supply of capital. The model differs from most that have appeared in the literature in the following ways: (1) the property tax is applied in a four-sector...