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Itaya et al. (2014) study the conditions for sustainability and stability of capital tax coordination in a repeated … game model with tax-revenue maximizing governments. One of their major results is that the grand tax coalition is never … stable and sustainable. The purpose of this note is to prove that there are conditions under which the grand tax coalition is …
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Itaya et al. (2014) study the conditions for sustainability and stability of capital tax coordination in a repeated … game model with tax-revenue maximizing governments. One of their major results is that the grand tax coalition is never … stable and sustainable. The purpose of this note is to prove that there are conditions under which the grand tax coalition is …
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