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This paper studies competition in regulation and commodity taxation between trading countries. We present a general … equilibrium model in which destination based consumption taxes finance public goods, while regulation of entry determines the … number of firms in the markets. We find (i) no strategic interaction in commodity taxes; (ii) regulation leads to lower …
Persistent link: https://www.econbiz.de/10010938981
This paper studies competition in regulation and commodity taxation between trading countries. We present a general … equilibrium model in which destination based consumption taxes finance public goods, while regulation of entry determines the … number of firms in the markets. We find (i) no strategic interaction in commodity taxes; (ii) regulation leads to lower …
Persistent link: https://www.econbiz.de/10010662669
This article reviews ideas and results from the politico-economic literature on the efficiency and stability of national borders. In particular, we discuss the relations between the determination of national borders and democratization, global economic integration, international and civil...
Persistent link: https://www.econbiz.de/10008784462
States are ill equipped to meet the challenges of a globalized world. The concept of citizenship with its rights and obligations, including the allegiance owed, is too narrowly defined to exist only between individuals and a state. Today, people identify with, and pay allegiance to, many...
Persistent link: https://www.econbiz.de/10005760919
OECD indicators of structural policy show that policy changes in Italy since 1998 should have improved the environment for entrepreneurship significantly, but in the same period its economic performance has deteriorated noticeably. This may be partly because there is a difference between policy...
Persistent link: https://www.econbiz.de/10011276806
Recent economic theories have investigated the susceptibility of diverse public bureaucratic structures to capture by private industry. In particular, Laffont and Martimort (1999) propose that the separation of regulatory powers will reduce the threat of capture. We analyse investor reaction to...
Persistent link: https://www.econbiz.de/10005504380
house prices and the regulation of new housing supply. I then employ a dynamic structural model of housing investment to …: First, regulation lowers the elasticity of new housing supply by increasing lags in the permit process and adding to the … that regulation and geographic constraints play critical and complementary roles in decreasing the responsiveness of …
Persistent link: https://www.econbiz.de/10010679174
exclusive rights of use over information and on the self-regulation of on-line communities. Through a decentralized system of …
Persistent link: https://www.econbiz.de/10010765455
We show that, in competition between a developed country and a developing country over standards and taxes, the developing country may have a 'second mover advantage.' A key feature of standards is that, unlike public goods as usually defined, all firms do not unanimously prefer higher standard...
Persistent link: https://www.econbiz.de/10005595877
Besley and Coate (1997 and 1998) exposit a formal model of dynamic fiscal policy that highlights the problem associated with the temporal mismatch between the incidence of benefits and costs. Their analysis focuses in part on the conditions that may result in inefficient public investment...
Persistent link: https://www.econbiz.de/10005391098