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Distortionary domestic taxation and Pareto-efficient international trade

Edwards, Jeremy S. S.; Schöb, Ronnie - 2002

This paper characterises the domestic tax systems which yield Pareto-efficient outcomes for a two-country world economy … when each country uses its domestic tax system to influence its terms of trade. In such circumstances, the implementation … of domestic tax systems which achieve a globally Pareto-efficient outcome as a Nash equilibrium will be very difficult …

Persistent link: https://www.econbiz.de/10001642935

Distortionary domestic taxation and Pareto-efficient international trade

Schöb, Ronnie; Edwards, Jeremy S. S. - 2002

Persistent link: https://www.econbiz.de/10014461179

Habit formation in an interdependent world economy

Ikeda, Shinsuke (contributor); Gombi, Ichiro (contributor) - 2004 - [Elektronische Ressource]

Economic interdependence of heterogeneous habit forming consumers is examined by using a two-country model. Due to endogenous interest rate adjustments, consumption-habit dynamics in one country are affected by the other country’s habits and preferences. To characterize the interactive...

Persistent link: https://www.econbiz.de/10002235039

Habit formation in an interdependent world economy

Ikeda, Shinsuke; Gombi, Ichiro - In: Macroeconomic dynamics 13 (2009) 4, pp. 477-492

Persistent link: https://www.econbiz.de/10003888728

Habit Formation in an Interdependent World Economy

Ikeda, Shinsuke; Gombi, Ichiro - 2008

Economic interdependence of heterogeneous habit forming consumers is examined by using a two-country model. Due to endogenous interest rate adjustments, consumption-habit dynamics in one country are affected by the other country's habits and preferences. To characterize the interactive dynamics,...

Persistent link: https://www.econbiz.de/10014069801