We study the choice of club membership, when member-countries national governments set their tax policies non …-cooperatively. Federal policy (in the form of club membership) has a higher constitutional status than national policies (in the form of … show that equilibrium membership decreases with any factors that generate Nash-type inefficiencies; growing capital …

We study the choice of club membership, when member-countries' national governments set their tax policies non …-cooperatively. Federal policy (in the form of club membership) has a higher constitutional status than national policies (in the form of … show that equilibrium membership decreases with any factors that generate Nash-type inefficiencies; growing capital …