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政大機構典藏 > 社會科學學院 > 財政學系 > 期刊論文 > Item 140.119/22347

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/22347

Title:	A Hotelling Model of Fiscal Competition
Authors:	徐麗振
Keywords:	fiscal competition;local public goods;Hotelling model;labor mobility
Date:	1997-12
Issue Date:	2009-01-06 15:26:11 (UTC+8)
Abstract:	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.
Relation:	Public Finance Review,33(4),520-535
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1177/1091142105275410
DOI:	10.1177/1091142105275410
Appears in Collections:	[財政學系] 期刊論文

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