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dc.contributor.authorFurusawa, Taijien_US
dc.contributor.authorHori, Kazumien_US
dc.contributor.authorWooton, Ianen_US
dc.date.accessioned2010-06-01en_US
dc.date.accessioned2010-08-18T11:18:00Z-
dc.date.available2010-08-18T11:18:00Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38898-
dc.description.abstractWe examine how the bidding environment may affect the outcome of tax competition between two countries (or two regions) in attracting a firm's foreign direct investment (FDI).We compare the equilibrium location choice and payoffs from an English auction, with both complete and incomplete information, relative to those in the traditional setting of a sealed-bid first-price auction. We find that an English auction leads to more aggressive bidding in 'race beyond the bottom,' where the nations may bid beyond their own valuations of the FDI. We also discuss the roles of auction protocol and information asymmetry on the auction outcome.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper Trade Policy 3049en_US
dc.subject.jelF12en_US
dc.subject.jelF23en_US
dc.subject.jelH25en_US
dc.subject.jelH73en_US
dc.subject.ddc330en_US
dc.subject.keywordtax competitionen_US
dc.subject.keywordforeign direct investmenten_US
dc.subject.keywordinternational ownershipen_US
dc.subject.keywordEnglish auctionen_US
dc.subject.keywordinformation asymmetryen_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwStandortwettbewerben_US
dc.subject.stwSteuerwettbewerben_US
dc.subject.stwStandortpolitiken_US
dc.subject.stwAuktionstheorieen_US
dc.subject.stwAsymmetrische Informationen_US
dc.subject.stwTheorieen_US
dc.titleA race beyond the bottom: The nature of bidding for a firmen_US
dc.typeWorking Paperen_US
dc.identifier.ppn627064302en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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