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Brekke, Kurt R.; Nuscheler, Robert; Straume, Odd Rune - CESifo - 2005

specialisation, unless the mismatch costs and the diagnosing accuracy are sufficiently high. Second-best price regulation makes … direct regulation of GP consultation redundant, but will generally not implement first-best. …

Persistent link: https://www.econbiz.de/10005181554

Regulation and Pricing of Pharmaceuticals: Reference Pricing or Price Cap Regulation?

Brekke, Kurt R.; Grasdal, Astrid L.; Holmås, Tor Helge - CESifo - 2007

-patent pharmaceuticals, replacing the existing price cap (PC) regulation. We estimate the effect of the reform using a product level panel … dataset, covering the drugs exposed to RP and a large number of drugs still under PC regulation in the time before and after … regulation in lowering drug prices, while the cross-price effect raises a concern about patent protection. …

Persistent link: https://www.econbiz.de/10005406112

Horizontal Merger under Strategic Tax Policy

Liu, Chih-Chen; Mukherjee, Arijit; Wang, Leonard F.S. - CESifo - 2014

We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the situation with no tax policy. Thus, we point towards a new factor, viz., strategic tax policy, for increasing the incentive for a horizontal merger that has been ignored in the...

Persistent link: https://www.econbiz.de/10010948827

Capital Mobility and Tax Competition: A Survey

Fuest, Clemens; Huber, Bernd; Mintz, Jack - CESifo - 2003

This paper surveys the literature on the implications of international capital mobility for national tax policies. Our main issue for consideration in this survey is whether taxation of income, specifically capital income will survive, how border crossing investment is taxed relative to domestic...

Persistent link: https://www.econbiz.de/10005765882

The 2008 Financial Crisis and Taxation Policy

Hemmelgarn, Thomas; Nicodème, Gaëtan J.A. - CESifo - 2010

The 2008 financial crisis is the worst economic crisis since the Great Depression of 1929. It has been characterised by a housing bubble in a context of rapid credit expansion, high risk-taking and exacerbated financial leverage, leading to deleveraging and credit crunch when the bubble burst....

Persistent link: https://www.econbiz.de/10008534034

Is Prescott Right? Welfare State Policies and the Incentives to Work, Learn and Retire

Jacobs, Bas - CESifo - 2008

This paper bolsters Prescott’s (2004) claim that high taxes are responsible for lacklustre labor market performance in continental European countries. We develop a lifecycle model with endogenous skill formation, endogenous labor supply, and endogenous retirement. Labor taxation distorts not...

Persistent link: https://www.econbiz.de/10005181523

Growth and Volatility of Tax Revenues in Latin America

Fricke, Hans; Süssmuth, Bernd - CESifo - 2011

Against the background of a notoriously high macroeconomic instability and the need to raise tax revenues to meet the demands of public spending, this paper analyzes the tradeoff between growth and volatility of tax revenues in Latin America. We use a two-step Engle-Granger-type model to...

Persistent link: https://www.econbiz.de/10008833922

Optimal Taxation with Rent-Seeking

Rothschild, Casey; Scheuer, Florian - CESifo - 2014

We develop a framework for optimal taxation when agents can earn their income both in traditional activities, where private and social products coincide, and in rent-seeking activities, where private returns exceed social returns either because they involve the capture of pre-existing rents or...

Persistent link: https://www.econbiz.de/10011075720

On the Political Economy of Complexity

Nitzan, Shmuel; Procaccia, Uriel; Tzur, Joseph - CESifo - 2013

Article underscores the dark side of both phenomena by focusing on the anti-competitive features of regulation and reform and …

Persistent link: https://www.econbiz.de/10010877637

Prices vs. Quantities with Endogenous Cost Structure

Storrøsten, Halvor Briseid - CESifo - 2014

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing …

Persistent link: https://www.econbiz.de/10010877871