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Optimal environmental policy with network effects : will Pigovian taxation lead to excess inertia?

Greaker, Mads; Midttømme, Kristoffer - 2014

We study a dynamic model with two competing durable goods; one dirty, the other clean. Due to network effects a consumer who adopts the dirty good today will increase the incentive future consumers have to adopt the dirty good. Thus, a consumer who chooses the dirty good, in a sense causes more...

Persistent link: https://www.econbiz.de/10010345203

Tax incidence on competing two-sided platforms : lucky break or double jeopardy

Belleflamme, Paul; Toulemonde, Eric - 2016

We consider the effects of taxes for competing two-sided platforms. We first detail how a platform passes a tax increase on its prices. Adding price competition, we study next how the tax affects profits. Because of the strategic implications of the cross-side external effects, the tax increase...

Persistent link: https://www.econbiz.de/10011459129

Prediction and identification in two-sided markets

Boik, Andre - 2018

answers and can be used to estimate market power and pass through rates. I show that even a naive one-sided model that ignores …

Persistent link: https://www.econbiz.de/10011789113

Hypergeorgism : when is rent taxation as a remedy for insufficient capital accumulation socially optimal?

Edenhofer, Ottmar; Mattauch, Linus; Siegmeier, Jan - 2013

-enhancing as it increases capital investment. This holds for any tax level and any recycling of the tax revenues except for …

Persistent link: https://www.econbiz.de/10009722015

Externalities in risky resource markets : optimal taxes, leakage and divestment : presented at CESifo Area Conference on Energy and Climate Economics, October 2015

Habermacher, Florian - 2016

uncertain fuel market returns. Without uncertainty, the unilateral investment tax is welfare-neutral: costless but ineffective … divestment. With uncertainty, the regional investment choice affects global fuel usage, and correspondingly the optimal regional … fuel policy contains a investment tax in addition to taxes on deposit supply and consumption. Even absent terms …

Persistent link: https://www.econbiz.de/10011454043

The role of tax depreciation for investment decisions : a comparison of European transition countries

Nam, Chang-woon; Radulescu, Doina - 2003

. Therefore, in an inflationary period generous tax depreciation provisions do not promote private investment as designed, but …

Persistent link: https://www.econbiz.de/10011514138

Emission taxes and the design of refunding schemes

Gersbach, Hans; Requate, Tilman - 2000

We examine how emission taxes should be refunded to firms in order to create optimal incentives to invest in cleaner technologies. Since refunds cannot be made dependent on investments, an alternative way is to give back taxes to firms according to market shares. We show that universally...

Persistent link: https://www.econbiz.de/10009781603

Taxes in an e-commerce generation

Agrawal, David R.; Fox, William F. - 2016

Rapid growth in e-commerce has altered the ability of jurisdictions to enforce commodity taxes on a destination basis. This results in different effective tax rates depending on the way in which goods and services are purchased and the characteristics of both the products and the sellers. We...

Persistent link: https://www.econbiz.de/10011522134

Predictability of asset returns and the efficient market hypothesis

Pesaran, M. Hashem - 2010

This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...

Persistent link: https://www.econbiz.de/10003983206

A general approach to recovering market expectations from futures prices with an application to crude oil

Baumeister, Christiane; Kilian, Lutz - 2016

Futures markets are a potentially valuable source of information about price expectations. Exploiting this information has proved difficult in practice, because time-varying risk premia often render the futures price a poor measure of the market expectation of the price of the underlying asset....

Persistent link: https://www.econbiz.de/10011434566

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