Nash equilibria in models of fiscal competition

✍ Scribed by David E. Wildasin

• Book ID: 113213052
• Publisher: Elsevier Science
• Year: 1988
• Tongue: English
• Weight: 734 KB
• Volume: 35
• Category: Article
• ISSN: 0047-2727
• DOI: 10.1016/0047-2727(88)90055-2

✦ Synopsis

This paper analyzes

Nash equilibria in a simple model of an economy with jurisdictions engaging in fiscal competition.

Small-number Nash equilibria in which tax rates are the strategic variables are shown not to coincide with Nash equilibria in which public expenditure levels are the strategic variables. 'See Wildasin (1986, 1987) for further discussion and references.