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作者

来源

REGIONAL SCIENCE AND URBAN ECONOMICS,Vol.68,P.191-203

语言

英文

关键字

Emissions standard; Capital tax; Local pollution; Tax competition; DECENTRALIZED POLICY-MAKING; SPILLOVERS; EFFICIENCY; TAXATION; MODELS

作者单位

[Eichner, Thomas] Univ Hagen, Dept Econ, Univ Str 41, D-58097 Hagen, Germany. [Pethig, Ruediger] Univ Siegen, Dept Econ, Unteres Schloss 3, D-57068 Siegen, Germany. Eichner, T (reprint author), Univ Hagen, Dept Econ, Univ Str 41, D-58097 Hagen, Germany. E-Mail: thomas.eichner@fernuni-hagen.de; pethig@vwl.wiwi.uni-siegen.de

摘要

This paper analyzes the competition in emissions standards and capital taxes when production causes local pollution and large jurisdictions act strategically. It is shown that emissions standard competition both with and without capital tax competition results in inefficient outcomes. The more productive jurisdiction imports capital and sets inefficiently tight emissions standards, whereas the less productive jurisdiction chooses inefficiently lax emissions standards. Adding capital tax competition improves local pollution, but exacerbates the capital distortion and the efficiency loss of emissions standard competition.