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Taxing Banks: An Evaluation of the German Bank Levy
Buch, Claudia M.; Hilberg, Björn; Tonzer, Lena - CESifo - 2014
Bank distress can have severe negative consequences for the stability of the financial system, the real economy, and … public finances. Regimes for restructuring and restoring banks financed by bank levies and fiscal backstops seek to reduce … these costs. Bank levies attempt to internalize systemic risk and increase the costs of leverage. This paper evaluates the …
Persistent link: https://www.econbiz.de/10010877827
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Shocks to Bank Lending, Risk-Taking, Securitization, and their Role for U.S. Business Cycle Fluctuations
Peersman, Gert; Wagner, Wolf - CESifo - 2014
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary … type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank … using a model of bank risk-taking and securitization. …
Persistent link: https://www.econbiz.de/10010752434
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Loan Loss Provision: Some Empirical Evidence for Italian Banks
Caporale, Guglielmo Maria; Alessi, Matteo; Colli, Stefano Di - CESifo - 2015
This paper uses data from a panel of more than 400 Italian banks for the period 2001 – 2012 to examine the main determinants of loan loss provision (LLP), which are classified as either discretionary (income smoothing, capital management, signalling) or non-discretionary (related to the...
Persistent link: https://www.econbiz.de/10011205379
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When Ignorance is Bliss - Information Asymmetries Enhance Prosocial Behavior in Dictator Games
Winschel, Evguenia; Zahn, Philipp - CESifo - 2014
In most laboratory experiments concerning prosocial behavior subjects are fully informed how their decision influences the payoff of other players. Outside the laboratory, however, individuals typically have to decide without such detailed knowledge. To assess the effect of information...
Persistent link: https://www.econbiz.de/10010877838
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Price Discrimination in Input Markets: Quantity Discounts and Private Information
Herweg, Fabian; Müller, Daniel - CESifo - 2013
We consider a monopolistic supplier’s optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. Under discriminatory pricing, downstream firms that differ in their ex ante distribution of retail costs are offered different tariffs. Under uniform...
Persistent link: https://www.econbiz.de/10010877898
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To Commit or not to Commit? An Experimental Investigation of Pre-Commitments in Bargaining Situations with Asymmetric Information
Hoffmann, Sönke; Mihm, Benedikt; Weimann, Joachim - CESifo - 2014
In a recent paper Konrad and Thum (2014) present a model that shows that unilateral pre-commitment reduces the likelihood of agreement in bilateral negotiations over the provision of a public good when parties have private information over their contribution costs. We test the model in a...
Persistent link: https://www.econbiz.de/10010877951
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Donating Time or Money: Are they Substitutes or Complements?
Hartmann, Bastian; Werding, Martin - CESifo - 2012
Decisions to donate time or money for charitable purposes are typically seen as make-or-buy decisions, implying that there should be a clear distinction between individuals engaging in one of these two forms of giving and that this distinction should be somehow linked to opportunity costs. But...
Persistent link: https://www.econbiz.de/10010555695
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Optimum Commodity Taxation in Pooling Equilibria
Sheshinski, Eytan - CESifo - 2006
This paper extends the standard model of optimum commodity taxation (Ramsey (1927) and Diamond-Mirrlees (1971)) to a competitive economy in which some markets are inefficient due to asymmetric information. As in most insurance markets, consumers impose varying costs on suppliers but firms cannot...
Persistent link: https://www.econbiz.de/10005766269
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Taxation and Heterogeneous Preferences
Blomquist, Sören; Christiansen, Vidar - CESifo - 2004
Non-linear income taxes and linear commodity taxes are analysed when people differ with respect to ability, high-skilled agents have heterogeneous preferences, and neither individual abilities nor preferences are observable. The paper highlights how informational constraints may motivate...
Persistent link: https://www.econbiz.de/10005766278