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Share repurchases are transactions which are supposed to cause a market reaction through a signaling approach. However looking only at cumulated abnormal returns (CARs) is insufficient and the results are sometimes contradictory. We introduce the concept of informativeness to assess if...
Persistent link: https://www.econbiz.de/10010898867
In cooperative game theory, games in partition function form are real-valued function on the set of so-called embedded coalitions, that is, pairs $(S,\pi)$ where $S$ is a subset (coalition) of the set $N$ of players, and $\pi$ is a partition of $N$ containing $S$. Despite the fact that many...
Persistent link: https://www.econbiz.de/10010738648
professionals directly engaged in the design process are able to perform an early and complete valuation, and that similar patterns … emerge during this valuation process. …
Persistent link: https://www.econbiz.de/10010820688
, wealth accumulation via the dynamics of housing prices and the human capital acquisition process of the next generation. The …
Persistent link: https://www.econbiz.de/10010899866
We examine how changes in tax policies affect the dynamics of the distributions of wealth and income in a Ramsey model … determining inequality, as tax changes that affect hours of work will affect the distribution of wealth and income, reinforcing or …
Persistent link: https://www.econbiz.de/10008794135
-Levy-Solomon microscopic model using the methods of kinetic theory and consists of a linear Boltzmann equation for the wealth distribution of …
Persistent link: https://www.econbiz.de/10008794299
fictive firms. We hence observe that corporate non-financial performance impacts firm valuation and investment decision and we …
Persistent link: https://www.econbiz.de/10010899870
analysis links highly detailed individual level fertility life histories to wealth at death data for four rural villages in …
Persistent link: https://www.econbiz.de/10010738834
There is a capital taxation puzzle in most developed countries. Since the 1960s, revenues from wealth transfer taxation … cases; by contrast, lifetime wealth or capital taxation generates much higher revenues and shows no decreasing trend. The … full tax puzzle is certainly not easy to explain. Many usual explanations of the aversion to wealth transfer taxation also …
Persistent link: https://www.econbiz.de/10010738837
1950, and back up to about 15% by 2010. A simple theoretical model of wealth accumulation, growth and inheritance can fully … wealth accumulation well above 100%. Our findings illustrate the fact that when the growth rate g is small, and when the rate … of return to private wealth r is permanently and substantially larger than the growth rate (say, r=4%-5% vs. g=1 …
Persistent link: https://www.econbiz.de/10010738844