Showing 1 - 8 of 8
Corporate self-regulation is a crucial non-market strategy, and has generally been understood as a response to regulatory threats. However, self-regulation can also influence the nature of regulatory threats, especially when firms have private information about their costs of abatement. We study...
Persistent link: https://www.econbiz.de/10011096390
This paper attempts to establish the value of good relationships between countries by considering their effect on a group of individuals who are arguably intimately affected by them: immigrants. We appeal to an index of conflict/cooperation which is calculated as an annual weighted sum of news...
Persistent link: https://www.econbiz.de/10010738906
I formulate a political-economy model of a fiscal union where the threat of secession imposes a limit on fiscal redistribution between regions. I argue that the trade-off between implementing the region’s preferred fiscal policy and benefiting from inter-regional risk sharing depends on the...
Persistent link: https://www.econbiz.de/10010681224
The aim of this paper is to reconsider the link between vertical integration and disintegration which are traditionally … opposed in the literature. The conception of integration and disintegration closely depends on the way we define the firm and … of the firm involves a redefinition of the link between integration and disintegration. We advance that it can not be …
Persistent link: https://www.econbiz.de/10008791165
When the Qing Empire collapsed in 1911, military groups moved to the forefront. The power of regional warlords bloomed during 1916–28, splitting China into disparate fiefdoms. The fragmentation of China largely defined the course of events in this country through all 20 century, so explaining...
Persistent link: https://www.econbiz.de/10011240556
The aim of this paper is to reconsider the link between integration and disintegration. We argue that the conception of … disintegration must be differentiated by the tools they give to the firm to effectively govern productive assets. …
Persistent link: https://www.econbiz.de/10011026169
We extend “economic equivalence” results, like the Ricardian equivalence proposition, to the political sphere where … environments with distorting taxes, economic equivalence relations between policies with different levels of debt do not extend to …
Persistent link: https://www.econbiz.de/10009645636
This article studies the equivalence between labor and consumption taxes in a stochastic context, where the government …
Persistent link: https://www.econbiz.de/10005051510