We delineate a non-co-operative game in which the countries of Europe implement restrictive measures to reduce the inflow of asylum seekers in their territories. These restrictions may divert the asylum seekers towards other countries, with spill over effects. Attention focuses on the role of...

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...