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This paper contributes to the theoretical understanding of strategic interactions of governments on global factor markets. We analyze carbon taxes and subsidies and their impact on national welfare in a fiscal federalism setting with international markets for capital and fossil resources, and...
Persistent link: https://www.econbiz.de/10012286334
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We here expand the static tax competition models in symmetric small regions, which were indicated by Zodrow and Mieszkowski (1986) and Wilson (1986), to a dynamic tax competition model in large regions, taking consideration of the regional asymmetry of productivity of public capital and the...
Persistent link: https://www.econbiz.de/10011574922
Successful coordination is key for economic and societal wealth. The rich literature on the minimum-effort game (MEG …) has provided valuable insights into coordination, both theoretically and empirically. Yet, although real-world scenarios … often involve asymmetric benefits and/or costs from coordination, most previous studies rely on symmetric MEGs. We …
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join coalitions to prevent that too much SRM is applied. The likely scenario is that a coalition will set a level of SRM …
Persistent link: https://www.econbiz.de/10012304691
The present paper analyzes the impact of a climate coalition's border carbon adjustment on emissions from commodity … production, welfare and the coalition size. The coalition implements border carbon adjustment to reduce carbon leakage and to … or export subsidy is positive but smaller than the coalition's implicit emission price. With a linear …
Persistent link: https://www.econbiz.de/10012425940