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various reasons for local government policy interactions, including fiscal competition, bidding for firms, yardstick … competition, expenditure spillovers, and Tiebout sorting. We discuss theoretically what parameters should be estimated to … determine the reason for competition among local governments. We emphasize how the policy outcomes emerging from this …
Persistent link: https://www.econbiz.de/10012304319
We consider a tax competition game between asymmetrically un-informed governments. Two governments simultaneously … countries or not operate at all, then the tax competition game features two equilibria. In one equilibrium, efficient MNFs are …
Persistent link: https://www.econbiz.de/10014069176
Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team's performance and therefore on their colleagues' productivity. We study the...
Persistent link: https://www.econbiz.de/10010245995
This paper studies policy competition for a foreign-owned multiproduct monopolist firm producing two products that are … horizontally differentiated between two countries of different size. We show that the equilibrium outcome of FDI competition is …. Welfare effects of competition for FDI are derived; in particular, we show that the competing countries may Pareto strictly …
Persistent link: https://www.econbiz.de/10013121648
Persistent link: https://www.econbiz.de/10013453237
In this paper we investigate tax/subsidy competition for FDI between countries of different size when a domestic firm … policy competition between the two governments seeking to attract FDI. We show that the country hosting the incumbent always … welfare-maximizer location. Finally, an efficiency-enhancing role of policy competition may only arise when the domestic …
Persistent link: https://www.econbiz.de/10010343825
The paper shows that interjurisdictional competition for mobile factors of production forces the government to raise ….g. user charges, a Leviathan may be tamed by interjurisdictional competition whereas this is not necessarily true in the case …
Persistent link: https://www.econbiz.de/10011540223
on existing theories of competition in markets with adverse selection. -- Asymmetric information ; competition ; adverse …
Persistent link: https://www.econbiz.de/10003831629
We provide an experimental analysis of competitive insurance markets with adverse selection. Our parameterized version of the lemons' model (Akerlof 1970) in the insurance context predicts total crowding out of low-risks when insurers offer a single full insurance contract. The therapy proposed...
Persistent link: https://www.econbiz.de/10013137823
competition between certifiers, which lowers the certification fee, is not beneficial. This result complements Strausz (2005) who …
Persistent link: https://www.econbiz.de/10013155815