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題名 A Hotelling Model of Fiscal Competition
作者 徐麗振
關鍵詞 fiscal competition;local public goods;Hotelling model;labor mobility
日期 1997-12
上傳時間 6-Jan-2009 15:26:11 (UTC+8)
摘要 This article examines a model in which two jurisdictions engage in fiscal competition.The jurisdictions’strategic variables are labor tax rates and types of local public goods.Both are determined by majority voting. The article finds that in Nash equilibrium, labor tax rates will be efficiently chosen such that quantities of local public goods will achieve the first-best level. Furthermore, there are two symmetric Nash equilibria for the types of local public goods. These two equilibria, when they both exist, exhibit less public sector differentiation than if there were no mobility. However, a primary difference between them is that when the net gain of more population increases, in one equilibrium jurisdictions will raise the similarity of local public goods to attract population, but in the other equilibrium jurisdictions will differentiate themselves more to prevent harsh competition.
關聯 Public Finance Review,33(4),520-535
資料類型 article
DOI http://dx.doi.org/10.1177/1091142105275410
dc.creator (作者) 徐麗振zh_TW
dc.date (日期) 1997-12en_US
dc.date.accessioned 6-Jan-2009 15:26:11 (UTC+8)-
dc.date.available 6-Jan-2009 15:26:11 (UTC+8)-
dc.date.issued (上傳時間) 6-Jan-2009 15:26:11 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/22347-
dc.description.abstract (摘要) This article examines a model in which two jurisdictions engage in fiscal competition.The jurisdictions’strategic variables are labor tax rates and types of local public goods.Both are determined by majority voting. The article finds that in Nash equilibrium, labor tax rates will be efficiently chosen such that quantities of local public goods will achieve the first-best level. Furthermore, there are two symmetric Nash equilibria for the types of local public goods. These two equilibria, when they both exist, exhibit less public sector differentiation than if there were no mobility. However, a primary difference between them is that when the net gain of more population increases, in one equilibrium jurisdictions will raise the similarity of local public goods to attract population, but in the other equilibrium jurisdictions will differentiate themselves more to prevent harsh competition.-
dc.format application/en_US
dc.language enen_US
dc.language en-USen_US
dc.language.iso en_US-
dc.relation (關聯) Public Finance Review,33(4),520-535en_US
dc.subject (關鍵詞) fiscal competition;local public goods;Hotelling model;labor mobility-
dc.title (題名) A Hotelling Model of Fiscal Competitionen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1177/1091142105275410en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1177/1091142105275410en_US