Razin, Asaf; Tsadḳah, Efrayim - In: CESifo economic studies : CESifo, a joint initiative of … 58 (2012) 1, pp. 164-180
Oates reminds us that tax competition among localities in the presence of capital mobility, may lead to inefficiently low tax rates (and benefits). In contrast, the Tiebout paradigm suggests that tax competition yields an efficient outcome, so that there are no gains from tax coordination. This...
