Existing studies on the effects of fiscal policy under imperfect competition typically treat each firm’s price-cost markup as fixed. This paper examines the implications of endogenising the markup in a simple model of income taxation under monopolistic competition. It is demonstrated that an increase in income tax reduces the number of firms, lessens competition among surviving firms and raises...

Over the past forty-five years, bilateral investment treaties (BITs) have become the most important international legal mechanism for the encouragement and governance of foreign direct investment. Their proliferation over the past two decades in particular has been phenomenal. These intergovernmental treaties typically grant extensive rights to foreign investors, including protection of contrac...

This is a rather unorthodox treatment of global competition law and Asian competition law. We do not explore for the micro-economic ideal type of global competition law, nor do we survey the convergences with and deviations from this ideal type to be found throughout the countries of Asia. For this we would recommend, for a start, David Gerber’s Global Competition Law and R. Ian McEwin’s Compet...

Abstract Little evidence is available for the effect of competition on educational quality as only a few countries allow large-scale competition. In the Netherlands, free parental choice has been present since the beginning of the twentieth century and can be characterized as a full voucher program with 100 % funding. Based on micro panel data for the Netherlands, we show that there is a relati...

Though the Multilateral Agreement on Investment (MAI) has failed, the original draft is likely to serve as a basis for future negotiations. This article gives a critical assessment of the draft from an industrial economics point of view. First, I summarize the contents of the agreement which is relevant for market structure and competition. Then I develop the industrial economics approach, whic...

We consider tax competition in a world with tax bases exhibiting different degrees of mobility, modeled as mobile and immobile capital. An agreement among countries not to give preferential treatment to mobile capital results in an equilibrium where mobile capital is nevertheless taxed relatively lightly. In particular, one or two of the smallest countries, measured by their stocks of immobile ...

There is a growing literature on the causes and consequences of corruption. A common and often unsubstantiated assertion is that countries which exhibit a low level of political competition are more likely to suffer higher levels of corruption. In this paper we examine the effects of corruption on environmental policy under varying degrees of political competition. An important feature of the m...

This paper by Ariel Ezrachi and Maurice E. Stucke was submitted as background material for Item10 at the 127th meeting of OECD Competition Committee on 21-23 June 2017. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. More documents related to this discussion can be found at www....