In 2014, the Spanish government passed a law to change a regulation, known as the open double quoteBeckham lawclose double quote, on foreign athletes. This new law will require foreign professional athletes to pay the standard Spanish tax rate of 52 percent on earnings of more than 300 comma 000 euros, up from the 24 percent rate they had been paying since 2005. For top-quality players, the elasticity of migration under the Beckham law was estimated to be 1.88 based on the average annual tax rate. Using this estimate of elasticity, the migration of top quality players to Spain should decrease by nothing%. Round your response to the nearest two decimal places.