Commodity taxes under fiscal competition: Stackelberg equilibrium and optimality

Article Abstract:

A study was conducted on the effects of tax competition on the commodity taxes of two different regions using the Stackelberg and Nash equilibrium models. Results showed that when both regions use the Nash-tax scheme, a smaller tax revenues is collected. But when the Stackelberg-tax rates is used in the presence of cross-border shopping, both regions tax revenues increase. However, if tax harmonization and minimum tax rates were imposed, only the densely populated region benefitted.

Personal Tax Planning, Economic aspects, Personal finance, Tax planning, Taxation, Equilibrium (Economics)

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Resolving differences in willingness to pay and willingness to accept: comment

Article Abstract:

The conclusions of Shogren et al. (1994) are inadequate to dismiss the endowment effect as a substantial reason of the deviation between willingness to pay (WTP) and willingness to accept (WTA) values. A better and more conclusive method is proposed to test for the effect. The endowment and substitution effects have a unified role may account for the inconsistencies in Shogren et al.'s findings.

Economics, Research and Development in the Social Sciences and Humanities, Research, Utility theory, Utility functions, Substitution (Economics), Indifference curves

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