テクニカルレポート

ディスカッション／ワーキング・ペーパー

text

Discussion Papers In Economics And Business. 2012, 12-02

Free entry, regulatory competition, and globalization

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

text

2012-03

http://www2.econ.osaka-u.ac.jp/library/global/dp/1202.pdf

This paper examines the optimal entry policy towards oligopoly in a globalized world.In an open economy free entry is socially suboptimal, but corrective tax policy to curbentry proves insuffcient unless internationally harmonized. Thus, while conferring the gainsfrom trade, globalization prevents countries from pursuing the optimal entry policy. Whencountries 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, theneed for tax harmonization grows as the world economy grows. This paper also contributes tothe international tax competition literature through the discovery of the reverse home marketeffect.

13898

Free entry, regulatory competition, and globalization

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

2012-03

Discussion Papers In Economics And Business

12-02

https://hdl.handle.net/11094/13898

http://www2.econ.osaka-u.ac.jp/library/global/dp/1202.pdf