The issue of capital tax competition in source-based capital taxes is viewed to be unproblematic if residence-based capital taxation exists. The sustainability, however, of residence-based capital taxation depends on the co-operation of source countries to assist in collecting tax revenues that...

In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We allow for capital and firm mobility in a model where the government chooses the level of wage, source-based capital and profit taxation. The taxing choices of governments are...

This paper examines information sharing between governments in an optimal taxation framework. We present a taxonomy of alternative systems of international capital income taxation and characterize the choice of tax rates and information exchange. The model reproduces the conclusion of the...

In this paper we analyze the structure of contest equilibria with a variable number of agents. First we analyze a situation where the total prize depends on the number of agents and where every single agent faces opportunity costs of investing in the contest. Second we analyze a situation where...

Fiscal policy is examined in a model of an open economy which is characterised by unemployment caused by efficiency wages. It is shown that the conventional conclusion, according to which mobile capital is untaxed in the presence of wage taxation, is not generally valid. A positive capital tax...

We analyze tax competition between large and asymmetric countries and derive conditions under which countries assist foreign authorities in collecting tax revenues via information exchange. It turns out that voluntary exchange of information is a Nash equilibrium between asymmetric countries,...

We set up a probabilistic voting model to explore the hypothesis that tax competition improves public sector efficiency and social welfare. In the absence of tax base mobility, distortions in the political process induce vote-maximising politicians to create rents to public sector employees....

In den USA wird schon seit langem eine Eigenheimpolitik betrieben, die es breiten Bevölkerungsschichten ermöglichen soll, Wohneigentum zu erwerben. Dabei spielte weniger eine direkte Förderung sondern zunehmend eine Deregulierung des Hypothekenkreditmarktes eine Rolle. Die eher skeptische...

Das deutsche Mehrwertsteuersystem steht in Wissenschaft und Politik in der Kritik. Vor allem die ermäßigten Sätze werden in Hinblick auf Besteuerungsbasis und Inzidenz debattiert. Zu ihrer Rechtfertigung werden verteilungspolitische Gründe genannt. Ob diese stichhaltig sind, untersuchen die...

This paper uses German evidence to address two questions about corporate governance. Theeffects of ownership on corporate governance have received much recent attention, but verylittle of this has been devoted to the appropriate way to measure firm ownership. The resultsof this paper show that...