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Product Market Regulation and Labor Market Outcomes: How can Deregulation Create Jobs?

Burda, Michael - CESifo - 2000

This paper reports on ongoing research on the interactions between product regulation and labor market outcomes. In particular, I summarize work on the employment effects of shop-closing regulation in the retail and other related sectors. Evidence on employment in the retail sector from Germany,...

Persistent link: https://www.econbiz.de/10005405950

Source versus Residence Based Taxation with International Mergers and Acquisitions

Becker, Johannes; Fuest, Clemens - CESifo - 2009

This paper analyses tax competition and tax coordination in a model where capital flows occur in the form of mergers and acquisitions, rather than greenfield investment. In this framework, we show that differences in residence based taxes do not necessarily distort international ownership...

Persistent link: https://www.econbiz.de/10008534000

Tax Competition – Greenfield Investment versus Mergers and Acquisitions

Becker, Johannes; Fuest, Clemens - CESifo - 2008

In this paper, we analyze tax competition in a model where investor firms have the choice between two types of investment, greenfield investment and mergers and acquisitions. We show that the coexistence of these two types of investment intensifies tax competition in comparison to the case where...

Persistent link: https://www.econbiz.de/10005405878

Buying to Sell: Private Equity Buyouts and Industrial Restructuring

Norbäck, Pehr-Johan; Persson, Lars; Tag, Joacim - CESifo - 2013

We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary ownership leads to strong investment incentives because equilibrium resale prices are determined by buyers incentives to block rivals from obtaining assets. These incentives...

Persistent link: https://www.econbiz.de/10010681223

Driven by the Discount Factor: Impact of Mergers on Market Performance in the Semiconductor Industry

Harris, Jeremiah; Siebert, Ralph - CESifo - 2015

This study investigates the impact of firm-specific discount factors on merger formation and market performance. We estimate firm-specific discount factors for 228 publicly traded and privately held firms operating in the semiconductor market and apply a heterogeneous treatment effects model...

Persistent link: https://www.econbiz.de/10011163068

The Globalization Paradox Revisited

Schwerhoff, Gregor; Edenhofer, Ottmar - CESifo - 2014

According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital …. Fixed factor taxes have the potential to improve welfare by defusing the globalization trilemma through a reduction in the …

Persistent link: https://www.econbiz.de/10010877683

'Globesity'? The Effects of Globalization on Obesity and Caloric Intake

Costa-i-Font, Joan; Mas, Núria - CESifo - 2014

This study considers the effects of globalization, in its economic and social dimensions, on obesity and caloric intake … globalization and both obesity and caloric intake. A one standard deviation increase in globalization is associated with a 20 … social globalization, and specifically the effects of changes in information flows and social proximity. A one standard …

Persistent link: https://www.econbiz.de/10010948886

International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity

Belloc, Marianna; Bowles, Samuel - CESifo - 2009

Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...

Persistent link: https://www.econbiz.de/10005013942

Capital Importers Pay More for their Imports

Adam, Antonis; Moutos, Thomas - CESifo - 2012

We examine the effects that a country’s net capital flows have on the (border) prices that a country pays for its imports of goods. Using data from 2000 to 2009 for 11 euro area countries we utilize a pricing-to-market specification to study exporters’ pricing behavior to the rest of the...

Persistent link: https://www.econbiz.de/10009645628

Globalization and the (Mis)Governance of Nations

Blouin, Arthur; Ghosal, Sayantan; Mukand, Sharun - CESifo - 2012

We analyze whether or not the globalization of capital, ‘disciplines’ governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country’s vulnerability to sudden capital flight. This … ‘golden straitjacket’. However, globalization may also ‘overdiscipline’ governments - resulting in a perverse impact on …

Persistent link: https://www.econbiz.de/10009645630