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Commodity taxation and regulatory competition

Author

Listed:
  • MORICONI, Simone

    (Catholic University Milan, ITEMQ, Italy; University of Luxembourg, CREA)

  • PICARD , Pierre M.

    (University of Luxembourg, CREA; Université catholique de Louvain, CORE, B-1348 Louvain-la-Neuve, Belgium)

  • ZANAJ, Skerdilajda

    (University of Luxembourg, CREA)

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

  • MORICONI, Simone & PICARD , Pierre M. & ZANAJ, Skerdilajda, 2012. "Commodity taxation and regulatory competition," LIDAM Discussion Papers CORE 2012057, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:2012057
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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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