Taugourdeau, Emmanuelle; Ziad, Abderrahmane - In: Regional Science and Urban Economics 41 (2011) 5, pp. 439-445
In this methodological paper, we prove that the famous tax competition game introduced by Zodrow and Mieszkowski (1986) and Wildasin (1988) in which the capital is completely owned by foreigners possesses a Nash equilibrium even when the assumption of symmetric jurisdictions is dropped. The...