کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
10482611 | 934123 | 2005 | 21 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Capital tax competition and returns to scale
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
That some capital importing regions subsidize units of capital is inconsistent with the standard models of the capital tax competition literature. We maintain the assumption of capital homogeneity and relax the assumption of constant returns to scale. Among other things, we show that symmetric regions in a Nash equilibrium may subsidize capital as may a capital importing region in an asymmetric Nash equilibrium. We also prove that any inefficiencies in asymmetric Nash equilibria with both capital and head taxes arise entirely from regions' incentives to manipulate the terms of trade, and not from increasing returns. We also show that the existence of increasing returns can reverse the result that small regions have higher per capita utility in Nash equilibria with only capital taxes.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Regional Science and Urban Economics - Volume 35, Issue 4, July 2005, Pages 353-373
Journal: Regional Science and Urban Economics - Volume 35, Issue 4, July 2005, Pages 353-373
نویسندگان
John Burbidge, Katherine Cuff,