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...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Springer Nature
2020-07-01
|
Series: | Humanities & Social Sciences Communications |
Online Access: | https://doi.org/10.1057/s41599-020-0517-1 |