• 1. Introductory Remarks
  • 2. The Model
  • 2.1 Preferences and timing
  • 2.2 Optimal period 2 decisions
  • 2.3 Optimal investment in period 1
  • 3. Investment and tax rates in policy equilibrium
  • 4. Political equilibrium
  • 5. Concluding Remarks
  • 6. References