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Exit Dynamics of Start-up Firms: Does Profit Matter?

Golombek, Rolf; Raknerud, Arvid - CESifo - 2015

We estimate by means of indirect inference a structural economic model where firms’ exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...

Persistent link: https://www.econbiz.de/10011124892

Estimating Fluctuations in Oil and Gas Investment

Dahl, Roy Endré; Osmundsen, Petter - CESifo - 2014

Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...

Persistent link: https://www.econbiz.de/10010948869

Investment Policy for Time-Inconsistent Discounters

Harstad, Bård - CESifo - 2013

the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principal’s choices they are … benefits from subsidizing investments in “green” capital (complementary to future savings) and tax investments in substitute …

Persistent link: https://www.econbiz.de/10010877709

Optimal Energy Investment and R&D Strategies to Stabilise Greenhouse Gas Atmospheric Concentrations

Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - CESifo - 2007

The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid...

Persistent link: https://www.econbiz.de/10005765756

Price-Dependent Profit Sharing as an Escape from the Bertrand Paradox

Foros, Oystein; Hagen, Kare P.; Kind, Hans Jarle - CESifo - 2007

firms undertake investments which benefit the industry in aggregate. The model is consistent with observations from the …

Persistent link: https://www.econbiz.de/10005094252

On the Political Economics of Tax Reforms

Castanheira, Micael; Nicodème, Gaëtan J.A.; Profeta, Paola - CESifo - 2011

understand why tax systems look the way they look. Finally, we exploit a database of reforms in labour taxation in the European …

Persistent link: https://www.econbiz.de/10009224873

Tax Structure and Government Expenditures under Tax Equity Norms

Koenig, Tobias; Wagener, Andreas - CESifo - 2010

We augment a standard tax model by concerns about tax equity: people get upset when labour is taxed more heavily than capital. Even the slightest concern for tax equity invalidates the common recommendation for small open economies that capital should remain tax-exempt. This holds for exogenous...

Persistent link: https://www.econbiz.de/10008671687

Fairness Spillovers - The Case of Taxation

Cornelissen, Thomas; Himmler, Oliver; König, Tobias - CESifo - 2010

that such 'fairness spillovers' can incur large economic costs: A belief that there is unfairness in taxation in the sense …

Persistent link: https://www.econbiz.de/10008727283

The Effectiveness of Taxation and Feed-in Tariffs

Antoniou, Fabio; Strausz, Roland - CESifo - 2014

market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments—taxation … on polluters, feed-in tariffs for clean entrants, and taxation of consumption—cannot correct these two market failures …

Persistent link: https://www.econbiz.de/10010765499

Climate Change and Psychological Adaptation: A Behavioral Environmental Economics Approach

Aronsson, Thomas; Schöb, Ronnie - CESifo - 2014

Economic models of climate policy (or policies to combat other environmental problems) typically neglect psychological adaptation to changing life circumstances. People may adapt or become more sensitive, to different degrees, to a deteriorated environment. The present paper addresses these...

Persistent link: https://www.econbiz.de/10010772268