We examine the welfare properties of alternative regimes of interjurisdictional competition for heterogenous mobile firms. Firms differ not only in terms of the degree of mobility across jurisdictions but also in terms of productivity. Alternative taxation regimes represent restraints on the...

The American European Community Association, Brussels, Belgium, April 16, 2007

Presentation to the Globalization and Outsourcing Conference, Reuters America Inc., New York, June 15, 2004

Fiscal Affairs & Government Operations Committee, The Council of State Governments' Southern Legislative Conference, Louisville, Ky., July 31, 2006

When residents of two countries have access to complete contingent claims markets, the welfare effects of changes in tariffs are opposite to those found in static trade theory. This paper demonstrates that a much simpler asset market structure can be sufficient to generate such a result. In the...