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Published in 2021 at "International Economic Journal"
DOI: 10.1080/10168737.2021.1928265
Abstract: In this study, we examine the location tax/subsidy competition between two countries when governments set tax or subsidy policies after firms have decided their location using a third-market model. The previous literature on tax competition…
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Keywords:
tax;
location;
firms choose;
tax subsidy ... See more keywords
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0
Published in 2020 at "Theoretical Economics"
DOI: 10.3982/te3379
Abstract: We develop a theory of endogenous and stochastic fluctuations in economic activity. Individual firms choose to randomize over firing or keeping workers who performed poorly in the past to give them an ex-ante incentive to…
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Keywords:
randomization;
firms choose;
business cycles;
agency business ... See more keywords