compensation to managers in low-tax jurisdictions, if payroll enters the FA formula. Managers in high-tax jurisdictions face the …

. -- offshoring : import competition ; wage bargaining ; oligopoly ; redistribution …

oligopoly. We find that in the short run, i.e. when the number of firms in both markets is exogenous, the results concerning tax … overshifting of both taxes is more likely to occur and is more pronounced under upstream oligopoly. As a result of this, a tax … competition ; vertical oligopoly …

managers between countries whereas in the second scenario relocation possibilities exist. Our findings show that the effort …