Risky local tax bases: risk-pooling vs. rent-capture

Bradford, 1978, Factor prices may be constant but factor returns are not, Economics Letters, 1, 199, 10.1016/0165-1765(78)90024-1 Brennan, G., Buchanan J., 1980. The Power to Tax: Analytical Foundations of a Fiscal Constitution. Cambridge University Press, New York. Bucovetsky, 1991, Tax competition with two instruments, Regional Science and Urban Economics, 21, 333, 10.1016/0166-0462(91)90062-R Domar, 1944, Proportional income taxation and risk taking, Quarterly Journal of Economics, 58, 387, 10.2307/1882847 Eaton, 1984, Theory of expropriation and deviations from perfect capital mobility, Economic Journal, 94, 16, 10.2307/2232213 Eaton, J., Gersovitz, M., 1989. Country risk and the organization of international capital transfer. In: Calvo G., et al. (Eds.), Debt, Stabilization, and Development. Basil Blackwell, Oxford, pp. 109–129. Eaton, 1986, The pure theory of country risk, European Economic Review, 30, 481, 10.1016/0014-2921(86)90004-8 Hoyt, 1991, Competitive jurisdictions, congestion, and the Henry George theorem: when should property be taxed instead of land?, Regional Science and Urban Economics, 21, 351, 10.1016/0166-0462(91)90063-S Judd, 1985, The law of large numbers with a continuum of iid random variables, Journal of Economic Theory, 35, 19, 10.1016/0022-0531(85)90059-6 Krelove, 1993, The persistence and inefficiency of property tax finance of local public expenditures, Journal of Public Economics, 51, 415, 10.1016/0047-2727(93)90074-4 Mieszkowski, 1972, The property tax: an excise tax or a profits tax?, Journal of Public Economics, 1, 73, 10.1016/0047-2727(72)90020-5 Mieszkowski, P.M., Toder, E., 1983. Taxation of energy resources. In: McLure, Jr., C.E., Mieszkowski, P.M. (Eds.), Fiscal Federalism and the Taxation of Natural Resources. D.C. Heath, Lexington, pp. 65–92. Nielsen, S.B., 1994. Withholding taxes and country-specific shocks. Mimeo. Slemrod, 1993, A north-south model of taxation and capital flows, Public Finance, 48, 430 Wildasin, D.E., 1986. Urban Public Finance. Harwood Academic Publishers, New York. Wildasin, D.E., 1987. Theoretical analysis of local public economics. In: Mills, E.S. (Ed.), Handbook of Regional and Urban Economics, vol. 2. North-Holland, Amsterdam, pp. 429–476. Wildasin, 1989, Interjurisdictional capital mobility: fiscal externality and a corrective subsidy, Journal of Urban Economics, 25, 193, 10.1016/0094-1190(89)90034-X Williams, 1975, The extent and significance of the nationalization of foreign-owned assets in developing countries, 1956–1972, Oxford Economic Papers, 27, 260, 10.1093/oxfordjournals.oep.a041317 Wilson, 1986, A theory of interregional tax competition, Journal of Urban Economics, 19, 296, 10.1016/0094-1190(86)90045-8 Wilson, 1991, Tax competition with interregional differences in factor endowments, Regional Science and Urban Economics, 21, 423, 10.1016/0166-0462(91)90066-V Wilson, 1995, Mobile labor, multiple tax instruments, and tax competition, Journal of Urban Economics, 38, 333, 10.1006/juec.1995.1037 Wilson, 1997, Property taxation, congestion, and local public goods, Journal of Public Economics, 64, 207, 10.1016/S0047-2727(96)01605-2 Zodrow, 1986, Pigou, property taxation and the underprovision of local public goods, Journal of Urban Economics, 19, 356, 10.1016/0094-1190(86)90048-3