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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
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Trade Liberalization and Environmental Taxation in Federal Systems
Fredriksson, Per G.; Matschke, Xenia - CESifo - 2014
The literature on trade liberalization and environment has not considered federal structures. This paper shows how the design of environmental policy in a federal system has implications for the effects of trade reform. Trade liberalization leads to a decline in pollution taxes regardless of...
Persistent link: https://www.econbiz.de/10010754657
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Migrating Football Players, Transfer Fees and Migration Controls
Verbon, Harrie A. A - CESifo - 2007
Since the famous Bosman ruling by the European Court of Justice in 1995 transfer fees for football players after moving to another club have become suspect as they are considered as an obstacle to the free movement of workers. However, in an unrestricted market free migration from football...
Persistent link: https://www.econbiz.de/10005406446
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Preferences for Redistribution and Pensions. What can we Learn from Experiments?
Tausch, Franziska; Potters, Jan; Riedl, Arno - CESifo - 2010
Redistribution is an inevitable feature of collective pension schemes. Nevertheless, it is still an open question what people’s preferences are regarding this form of redistribution. This paper reviews experimental evidence on preferences regarding redistribution and asks what this evidence...
Persistent link: https://www.econbiz.de/10008498990
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Assessing the Efficiency of an Insurance Provider - A Measurement Error Approach
Jametti, Mario; Ungern-Sternberg, Thomas von - CESifo - 2003
The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in … measurement errors and apply the model to a data set on 19 firms in housing insurance markets in Switzerland. We show that the … public insurance providers are about 20 per cent more cost efficient than their private counterparts. …
Persistent link: https://www.econbiz.de/10005181391
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Is there a Role for an Active Fiscal Stabilization Policy?
Andersen, Torben - CESifo - 2005
This paper discusses the need and scope for an active fiscal stabilization policy. It is argued that the effectiveness of fiscal policy as a short run stabilizer does not depend on the long run multipliers of (balanced budget) fiscal policies. To the extent that activity can be affected by...
Persistent link: https://www.econbiz.de/10005196205
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Investment Uncertainty, and Production Games
Flåm, Sjur Didrik; Ermoliev, Yuri - CESifo - 2004
coordinated production programs, featuring pooled resources - and also via adaptive procedures. Extra value - or an insurance …
Persistent link: https://www.econbiz.de/10005405922
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Adverse Selection in an Insurance Market with Government-Guaranteed Subsistence Levels
Kim, Bum J.; Schlesinger, Harris - CESifo - 2004
We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This … alters the individuals’ demand for insurance coverage. In turn, this affects equilibria in various insurance models of …
Persistent link: https://www.econbiz.de/10005406423
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Remittances, Banking Status and the Usage of Insurance Schemes
Crayen, Dorothee; Hainz, Christa; Martinez, Christiane … - CESifo - 2010
can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …
Persistent link: https://www.econbiz.de/10008572573
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Flexicurity, Taxes and Job Reallocation
Davoine, Thomas; Keuschnigg, Christian - CESifo - 2015
) a wage subsidy to re-employed workers; (iii) unemployment insurance; (iv) moderate job protection; and (v) active labor …
Persistent link: https://www.econbiz.de/10011257670