Okamura, Makoto; Yamaguchi, Chikara - Graduate School of Economics and Business … - 2007
This paper reexamines the main findings of Cardarelli et al. (2002), and Contenaro and Vidal (2006), who show that regional asymmetries undermine the implicit collusion of tax coordination in a repeated game model of capital tax competition. In particular, this paper investigates how increasing...