6,321 research outputs found

    Improved exponential stability for near-integrable quasi-convex Hamiltonians

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    In this article, we improve previous results on exponential stability for analytic and Gevrey perturbations of quasi-convex integrable Hamiltonian systems. In particular, this provides a sharper upper bound on the speed of Arnold diffusion which we believe to be optimal

    Remarks on step cocycles over rotations, centralizers and coboundaries

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    By using a cocycle generated by the step function φβ,γ=1[0,β]−1[0,β](.+γ)\varphi_{\beta, \gamma} = 1_{[0, \beta]} - 1_{[0, \beta]} (. + \gamma) over an irrational rotation x→x+αmod  1x \to x + \alpha \mod 1, we present examples which illustrate different aspects of the general theory of cylinder maps. In particular, we construct non ergodic cocycles with ergodic compact quotients, cocycles generating an extension Tα,φT_{\alpha, \varphi} with a small centralizer. The constructions are related to diophantine properties of α,β,γ\alpha, \beta, \gamma

    Implicit tax co-ordination under repeated policy interactions

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    In the context of a stylised gaine theoretical framework of capital tax competition, we show that when repeated policy interactions are associated to a systematic punishment of the deviating policymaker, a coordinated outcome can be the solution to the non cooperative tax game. This resuit suggests that explicit forms of policy coordination, such as a centralised tax authority, could in fact be largely unnecessary.Policy coordination, international fiscal issues

    Implicit tax co-ordination under repeated policy interactions

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    In the context of a stylised game theoretical framework of capital tax competition, we show that when repeated policy interactions are associated to a systematic punishment of the deviating policymaker, a co-ordinated outcome can be the solution to the non co-operative tax game. This result suggests that explicit forms of policy co-ordination, such as a centralised tax authority, could in fact be largely unnecessary. JEL Classification: E61, H87International Fiscal Issues, Policy Co-ordination
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