An agreement about a lower bound for admissible tax rates can reduce the equilibrium tax rate (and thus welfare) in tax competition among fully symmetric countries. This is shown in an infinitely repeated game where the stage game describes the standard tax competition model with source-based...

The essays of the book are contributions to the game theoretic analysis of the State. Two of the essays develop further the analysis of political accountability. Political accountability is the study of how the behavior of politicians is shaped by the prospect of reelections. The essays in this...