MIXED OLIGOPOLY WITH HOMOGENEOUS GOODS

1993

Tax authority to the European Parliament?

1995

In this paper we analyze whether countries of the EC community should plead for a decentralized system to finance the European funds rather than using a uniform tax imposed by the European parliament. The analysis is within a multistage game-theoretic framework in which the implication of the financing system of a confederation on the investment behavior in the respective states is considered. The paper is in the tradition of the literature which claims that from a view of global efficiency property-rights structures inducing ex-post efficient allocations may be worse than a system leading to an ex-post inefficient allocation. For this specific economic issue we elucidate the tradeoff betwe…

The uniqueness of the subscription equilibrium with endogenous labor supply

1993

Abstract This paper presents a proof of the uniqueness of the Nash equilibrium if public goods are financed through private donations and distortionary income taxation.