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There are ‘good’ equilibria where citizen mobility dampens the importance of imperfect political competition, and ‘bad’ equilibria where citizen mobility creates ‘safe
Second, in addition to the analysis of marginal tax rates for labour and capital income, we examine the conditions for the optimal provision of public good under distorting
The taxpayers were told: (1) that they had been selected at random to be part of a study ‘that will increase the number of taxpayers whose 1994 individual income tax returns are
the marginal tax reform encourage labor supply, and the increased indirect taxes, the separation of capital and labor income taxation, and the new transfer system all reduce
Proost, Marginal tax reform, externalities and income distribution 343 McGarry, K., The cost of equality: unequal bequests and tax avoidance 179. Newey, W.,
The units are thousands of dollars (constant 1991$) so that the coefficient on compliance in the leftmost column implies $583 000 of capital investment induced by each new
We represent the strategic interactions in the resource market as a differential game between a coalition of importing-country governments and a cartel of oil exporters, where
waiting resolves uncertainty, the only distortion stems from adverse selection in the first period. Therefore, the competitive outcome again can be characterized by considering
