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| Author: | Lee, K. |
| Title: | Tax competition with imperfectly mobile capital |
| Journal: | Journal of Urban Economics
1997 : SEP, VOL. 42:2, p. 222-242 |
| Index terms: | TAXATION COMPETITION CAPITAL |
| Language: | eng |
| Abstract: | This paper considers interjurisdictional tax competition in a two-period model with imperfectly mobile capital. In the first period, capital is perfectly mobile. In the second period, however, capital cannot move perfectly because of transactions costs, once employed in a jurisdiction in the first period. This imperfect mobility of capital may lead to the overprovision, rather than the underprovision, of public goods in the second period, and may make jurisdictions compete more aggressively for capital in the first period. |
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