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This note discusses the comparative dynamic analysis in "Fiscal competition in space and time" by David Wildas in (Journal of Public Economics, Vol. 87, 2003) from a technical point of view. -- dynamic tax competition ; imperfect capital mobility ; comparative dynamics ; Peano Theorem
Persistent link: https://www.econbiz.de/10003886058
In the EU there are longstanding and ongoing pressures towards a tax that is levied on the EU level to substitute for national contributions. We discuss conditions under which such a transition can make sense, starting from what we call a "decentralization theorem of taxation" that is analogous...
Persistent link: https://www.econbiz.de/10010527061
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
We extend the literature on local income tax competition by allowing for inter-jurisdictional spillovers and imperfect rivalry in consumption of a publicly provided good. Comparing decentralized second-best results of a theoretical model with an efficient benchmark, we identify three...
Persistent link: https://www.econbiz.de/10012995189
This paper studies the optimal nonlinear income tax schedule at symmetric equilibria at which two symmetric states (or tax authorities) compete to attract more taxpayers from the other state. It differs from the existing literature in the sense that taxpayers' wages are endogenously determined...
Persistent link: https://www.econbiz.de/10013322082
, for certain parameter ranges. The main takeaway of our analysis, both in practice and in theory, is the importance of a …
Persistent link: https://www.econbiz.de/10014142540
We examine the use of subsidies to R&D in a mixed and a private duopoly market. We show that the socially optimal R …&D subsidy is increasing in the degree of spillovers but it is lower in the private duopoly. The optimal R&D subsidy leads to an … in the duopoly market. This result stands even when optimal R&D subsidies are provided …
Persistent link: https://www.econbiz.de/10013068306
We examine the use of subsidies to R&D in a mixed and a private duopoly market. We show that the socially optimal R …&D subsidy is increasing in the degree of spillovers but it is lower in the private duopoly. The optimal R&D subsidy leads to an … in the duopoly market. This result stands even when optimal R&D subsidies are provided. -- mixed duopoly ; process …
Persistent link: https://www.econbiz.de/10003989543
We investigate the imposition of a horizontal technical barrier to trade (HTBT) in a symmetric, cross-hauling duopoly …
Persistent link: https://www.econbiz.de/10009626126
With the use of a laboratory experiment, we show the effects of co-investments on coverage, competition and price collusion in regulated network industries. On the one hand, co-investments turn out not to be a significant driver of new infrastructure investments beyond the level achieved by...
Persistent link: https://www.econbiz.de/10009574072