Cotenaro, Marco; Vidal, Jean-Pierre - In: Recherches économiques de Louvain 72 (2006) 1, pp. 5-18
In the context of a stylised game theoretical framework of capital tax competition, we show that when repeated policy interactions are associated to a systematic punishment of the deviating policymaker, a co-ordinated outcome can be the solution to the non co-operative tax game. This result...