Showing 1 - 10 of 29
This paper concerns optimal redistributive income taxation and provision of a public input good in a two-type model with a minimum wage policy implemented for the low-ability type, where firms may use some of their resources for outsourcing by locating part of the production process abroad. Our...
Persistent link: https://www.econbiz.de/10005424019
This paper addresses outsourcing in the two-type optimal income tax model. If the government is able to control outsourcing via a direct tax instrument, outsourcing will not affect the marginal income tax structure. In the absence of a direct tax instrument, and under the plausible assumption...
Persistent link: https://www.econbiz.de/10005652026
This paper concerns public input provision as an instrument for redistribution under international outsourcing by using a model-economy comprising two countries, North and South, where firms in the North may outsource part of their low-skilled labor intensive production to the South. We consider...
Persistent link: https://www.econbiz.de/10008480546
This paper concerns optimal income taxation in a two-country OLG economy, where each country is characterized by asymmetric information between the government and the private sector, and where one of the countries outsources part of its production to the other. In the country whose firms...
Persistent link: https://www.econbiz.de/10008626096
This paper deals with optimal income taxation under international outsourcing and FDI. We show how the joint effect of outsourcing and FDI on the optimal marginal income tax rates depends on whether FDI is horizontal or vertical.
Persistent link: https://www.econbiz.de/10008468499
The paper studies two approaches to modelling conditional skewness in a nonlinear model for stock returns. It is found that a normal distribution can be rejected. A log-generalized gamma distribution with one time-varying density parameter, and in particular a Pearson IV specification with three...
Persistent link: https://www.econbiz.de/10005424011
The purpose of the paper is to study how changes in the Swedish tax system have influenced stock prices and trading volumes around the ex-dividend day. The hypothesis that the ex-dividend price ratio is unaffected by the relatively large tax policy changes in Sweden cannot be rejected, and the...
Persistent link: https://www.econbiz.de/10005424015
Conditional heteroskedasticity properties are derived for some common count data regression and time series models. New extensions are suggested and discussed.
Persistent link: https://www.econbiz.de/10005424016
This paper is the first to measure the profitability of day traders across volatility states. We apply a popular day trading strategy, the Opening Range Breakout strategy (ORB), on long time series of crude oil and S&P 500 futures contracts. Average returns are then calculated for each...
Persistent link: https://www.econbiz.de/10010818888
By using money management, an investor may determine the optimal leverage factor to apply on each trade, for maximizing the profitability of investing. Research suggests that the stopping of losses may increase the profitability of a trading strategy when returns follow momentum. This paper...
Persistent link: https://www.econbiz.de/10010818900