Effect of agency costs on the optimal matching grant rate in a model of tax competition with benefit spillovers
Abstract Agency problems arise in any environment involving a principal–agent relationship. This study examines the effect of horizontal fiscal externalities on the optimal matching grant rate in a model where agency costs are inevitable. Because this study takes agency costs into account, the main...
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| Format: | Article |
| Language: | English |
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Springer Nature
2020-07-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-020-0517-1 |