to tax competition, an inevitable “race to the bottom,” and underprovision of local public goods. This paper analyzes the … with a novel panel data set covering the 48 contiguous U.S. states for the period 1965 to 2006 and is guided by the theory … of strategic tax competition. The latter suggests that capital tax policy is a function of “foreign” (out-of-state) tax …

We analyze the competition in bonus taxation when banks compensate their managers by means of fixed and incentive pay … maximize their private benefits of existing government bailout guarantees. In this setting the international competition in …