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Commodity taxation and regulatory competition

Author

Listed:
  • Simone Moriconi

    (Catholic University of Milan, ITEMQ and CREA, University of Luxembourg)

  • Pierre M. Picard

    (CREA, University of Luxembourg)

  • Skerdilajda Zanaj

    (CREA, University of Luxembourg)

Abstract

This paper studies competition in regulation and commodity taxation between trading countries. We present a general equilibrium model in which destination based consumption taxes finance public goods, while regulation of entry determines the number of firms in the markets. We find (i) no strategic interaction in commodity taxes; (ii) regulation leads to lower commodity tax rates if demand for public goods is more sensitive to income than demand for private goods and (iii) regulation policy is a strategically complement instrument if consumers do not over value product diversity. In the empirical part of the paper, we test our predictions using panel data for 21 OECD countries over the period 1990-2008.

Suggested Citation

  • Simone Moriconi & Pierre M. Picard & Skerdilajda Zanaj, 2012. "Commodity taxation and regulatory competition," DEM Discussion Paper Series 12-15, Department of Economics at the University of Luxembourg.
  • Handle: RePEc:luc:wpaper:12-15
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    More about this item

    Keywords

    Regulation; commodity tax; strategic interactions; fiscal federalism;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General
    • H1 - Public Economics - - Structure and Scope of Government
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • L5 - Industrial Organization - - Regulation and Industrial Policy

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