This paper studies competition in commodity taxation and product market regulation between trading partners. To explain the strategic interaction between governments and regulators, we present a two-country general equilibrium model in which destination-based commodity taxes finance public goods...

This paper studies theoretically and empirically competition in commodity taxation and product market regulation between trading partner countries. We present a two-country general equilibrium model in which destination-based commodity taxes finance public goods, and product market regulation...

The quantity of an individual's freedom is thought to coincide with the width of her opportunity set, and this is defined by taking account of budgetary, institutional and legal constraints to choices. A simple cardinal measure of freedom is proposed on the ground of which some exercises in...

We introduce democratic mechanisms where individual utilities are not observable by other people at the legislative stage. We show that the combination of three rules can yield efficient provision of public projects: First, flexible and double majority rules where the size of the majority...