International environmental agreements require negotiation and cooperation among countries. This paper attempts to analyze the presence and nature of inter-country interactions in the process of ratifying such agreements. We develop a theoretical argument based on the notions of strategic...

This paper examines endogenous timing in an international tax competition model. Unlike existing studies, governments are assumed to decide not only tax rates but also whether they are set early or late. The Nash equilibrium provides four conclusions for alternative double tax allowances. First,...

We have investigated non-cooperative and jointly optimal R&D policies in the framework of Spencer & Brander (1983) in the presence of R&D spillovers. When R&D activities are strategic substitutes and the R&D game exhibits a positive externality, the result of Spencer & Brander (1983) reverses:...