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• W2258271625 abstract "This paper points to the important role which the elasticity of aggregate capital supply with respect to the net rate of return to capital plays for the efficiency of policymaking in a decentralized economy with mobile capital and spillovers among jurisdictions. In accordance with previous studies, we show that under the assumption of a fixed capital supply (zero capital supply elasticity) the decentralized policy choice is optimal. If the capital supply elasticity is strictly positive, however, capital tax rates are inefficiently low in the decentralized equilibrium." @default.
• W2258271625 created "2016-06-24" @default.
• W2258271625 creator A5054927163 @default.
• W2258271625 creator A5067020658 @default.
• W2258271625 date "2010-01-01" @default.
• W2258271625 modified "2023-09-25" @default.
• W2258271625 title "Interjurisdictional Spillovers, Decentralized Policymaking and the Elasticity of Capital Supply" @default.
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• W2258271625 doi "https://doi.org/10.2139/ssrn.1697458" @default.
• W2258271625 hasPublicationYear "2010" @default.
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