研討日期

20141129日上午10:20 ~ 13:00

研討地點

台大社會科學院大樓710教室

題目

Free entry and regulatory competition in a global economy

作者

Kaz Miyagiwa and Yasuhiro Sato

文獻出處

Journal of Public Economics (2014), 118, pp. 114.

報告人

周冰瑤

參加人員

梁文榮、陳宏易、林燕淑、王光正、張瑞雲、彭正浩、高國峯、陳金盛、蔡明芳、呂得成、周冰瑤、呂雅媛、施姵全

論文提要

This paper examines the optimal entry policy toward oligopoly in a global economy. We show that free entry results in too much competition for the world, but each country's corrective tax policy, unless internationally coordinated, proves suboptimal because of international policy spillovers. Thus, globalization prevents countries from pursuing the optimal entry policy. However, globalization also generates the gains from trade. When countries are small, the gains from trade dominate the losses from a suboptimal entry policy, but as markets grow the result is reversed, making trade inferior to autarky. Therefore, the need for tax harmonization grows as the world economy grows. This paper also contributes to the international tax competition literature through the discovery of the reverse home market effect.

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