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Airport Noise Regulation, Airline Service Quality, and Social Welfare

Brueckner, Jan K.; Girvin, Raquel - CESifo - 2006

This paper explores the impact of airport noise regulation on airline service quality and airfares. It also …

Persistent link: https://www.econbiz.de/10005766104

Airline Schedule Competition: Product-Quality Choice in a Duopoly Model

Brueckner, Jan K.; Flores-Fillol, Ricardo - CESifo - 2006

This paper presents a simple model of airline schedule competition that circumvents the complexities of the spatial …

Persistent link: https://www.econbiz.de/10005766117

Internalization of Airport Congestion: A Network Analysis

Brueckner, Jan K. - CESifo - 2002

The likely resurgence of air traffic in the U.S. means that airport congestion is a problem that must soon be confronted by policy makers. As part of their policy response, it is probable that some form of congestion pricing will be imposed at selected U.S. airports in the relatively near...

Persistent link: https://www.econbiz.de/10005094498

Demographic Change and Bank Profitability. Empirical Evidence from German Savings Banks

Berlemann, Michael; Oestmann, Marco; Thum, Marcel - CESifo - 2010

, allows us estimating the socio-demographic determinants of retail profitability. Using a simulation model, we are able to … predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the … the population reduces the customer base, ageing per se increases profitability as older customers typically generate …

Persistent link: https://www.econbiz.de/10008534055

Competition and Gender Prejudice: Are Discriminatory Employers Doomed to Fail?

Weber, Andrea; Zulehner, Christine - CESifo - 2009

According to Becker's (1957) famous theory on discrimination, entrepreneurs with a strong prejudice against female workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore forced to leave. We present new empirical evidence for...

Persistent link: https://www.econbiz.de/10008572488

The Commitment Role of Equity Financing

Fahn, Matthias; Merlo, Valeria; Wamser, Georg - CESifo - 2014

Existing theories of a firm’s optimal capital structure seem to fail in explaining why many healthy and profitable firms rely heavily on equity financing, even though benefits associated with debt (like tax shields) appear to be high and the bankruptcy risk low. This holds in particular for...

Persistent link: https://www.econbiz.de/10010877665

Thin Capitalization Rules and Multinational Firm Capital Structure

Blouin, Jennifer; Huizinga, Harry; Laeven, Luc; … - CESifo - 2014

This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...

Persistent link: https://www.econbiz.de/10010877952

International Debt Shifting: Do Multinationals Shift Internal or External Debt?

Møen, Jarle; Schindler, Dirk; Schjelderup, Guttorm; … - CESifo - 2011

Multinational companies can exploit the tax advantage of debt more aggressively than national companies by shifting debt from affiliates in low tax countries to affiliates in high tax countries. Previous papers have either omitted internal debt or external debt from the analysis. We are the...

Persistent link: https://www.econbiz.de/10009221552

The Capital Structure of Multinational Companies under Tax Competition

Panteghini, Paolo - CESifo - 2006

This article studies the relationship between debt policies of multinational companies (MNCs) and governments’ tax strategies. In the first part, it is shown that the ability to shift income from high- to low-tax countries affects MNCs’ financial choices. In the second part we show how...

Persistent link: https://www.econbiz.de/10005765711

S-Based Taxation under Default Risk

Panteghini, Paolo - CESifo - 2005

This article studies the characteristics of a S-based tax system under default risk. In particular we show that its neutrality properties depend on whether debt is protected or unprotected. In the former case, this system is neutral. In the latter case, where default timing is optimally chosen...

Persistent link: https://www.econbiz.de/10005766105