support this conjecture. For finite economies, one must choose between notions of Tiebout equilibrium which are Pareto optimal … but which may be empty, or which are nonempty but may be inefficient. This paper introduces a new equilibrium notion … called migration-proof Tiebout equilibrium which we argue is a natural refinement of Nash equilibrium for a …

We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of … taxation differs across levels of government because voters internalize general equilibrium effects at the central but not at …

We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of … taxation differs across levels of government because voters internalize general equilibrium effects at the central but not at …

We propose a theory of tax centralization in politico-economic equilibrium. Taxation has dynamic general equilibrium … therefore differs across levels of government. Complementarities on the spending side decouple the equilibrium composition of …

We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of … taxation differs across levels of government because voters internalize general equilibrium effects at the central but not at …

players to which ν will become disconnected. We focus on unilateral link formation and Nash equilibrium. We show existence of …

. The government must choose the tax rate before it knows which equilibrium will obtain, and therefore an important part of … the problem is determining how the policy will affect the equilibrium selection process. We show that when the equilibrium … likely. As a result, taking equilibrium-selection effects into account leads to a lower optimal tax rate …