Interjurisdictional Tax and Policy Competition
Author: Daphne A. Kenyon
Publisher:
Published: 1991
Total Pages: 84
ISBN-13:
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Author: Daphne A. Kenyon
Publisher:
Published: 1991
Total Pages: 84
ISBN-13:
DOWNLOAD EBOOKAuthor: Daphne A. Kenyon
Publisher:
Published: 1987
Total Pages: 117
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Advisory Commission on Intergovernmental Relations
Publisher:
Published: 1991
Total Pages: 70
ISBN-13:
DOWNLOAD EBOOKAuthor:
Publisher:
Published: 1988
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKAuthor: Thorsten Bayindir-Upmann
Publisher:
Published: 1995
Total Pages: 31
ISBN-13:
DOWNLOAD EBOOKAuthor: Daphne A. Kenyon
Publisher:
Published: 1988
Total Pages: 131
ISBN-13:
DOWNLOAD EBOOKAuthor: Johannes Becker
Publisher:
Published: 2017
Total Pages: 31
ISBN-13:
DOWNLOAD EBOOKHow do countries compete for mobile tax base when they lack precise information on how tax rates affect the tax base? We present a multi-period version of a classic tax competition model in which countries set source-based taxes under incomplete information on the tax base elasticity. This information, however, improves as they observe both their own and their neighbours' experiences. In contrast to the existing work on policy learning, we focus on learning in the presence of (fiscal) externalities. We show that, because learning can exacerbate this externality, the value of learning can be negative and, thus, learning may be too fast. Given that variance in tax policies enhances learning, this implies that, in the sequence of Markov perfect equilibria, tax rates can be too heterogeneous. Furthermore, we contribute to the empirical tax competition literature by showing that learning generates tax patterns that look as if countries react to each other even if there are no fiscal externalities. We conclude that the existing results typically taken as evidence of tax competition may be more nuanced than heretofore recognized.
Author: Daphne A. Kenyon
Publisher: The Urban Insitute
Published: 1991
Total Pages: 306
ISBN-13: 9780877665175
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Publisher:
Published: 1995
Total Pages: 198
ISBN-13:
DOWNLOAD EBOOKAuthor: David R. Agrawal
Publisher:
Published: 2023
Total Pages: 0
ISBN-13:
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