Similar Search Results

The Better Route to Global Tax Coordination : Gradualism or Multilateralism?

Konrad, Kai A. - 2019

In the context of international tax coordination incomplete information is one of the well-known frictions that can lead to bargaining failure and might explain a lack of observed coordination. We consider international negotiations about tax coordination under complete and incomplete...

Persistent link: https://www.econbiz.de/10012892184

Mobile Tax Base as a Global Common

Konrad, Kai A. - 2021

If countries anticipate Bertrand competition in tax rates, they may expend effort that makes some of their tax payers less mobile or increases the mobility of tax payers elsewhere. I provide piecemeal evidence on what activities countries use. I analyse how such activities interact with Bertrand...

Persistent link: https://www.econbiz.de/10013316737

Time consistency and bureaucratic budget competition

Kessing, Sebastian G.; Konrad, Kai A. - 2006

High employment protection in the public sector results in strategic over-employment if government divisions compete for budgets in a dynamic setting. Bureaucrats who are interested in maximising their divisions' output employ excess labor, since this induces the sponsor to provide complementary...

Persistent link: https://www.econbiz.de/10010263971

Mobile tax base as a global common

Konrad, Kai A. - 2007

Persistent link: https://www.econbiz.de/10010264247

Equilibrium and efficiency in the tug-of-war

Konrad, Kai A.; Kovenock, Dan - 2005

We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...

Persistent link: https://www.econbiz.de/10010274454

Brothers in arms: An experiment on the alliance puzzle

Ke, Changxia; Konrad, Kai A.; Morath, Florian - 2010

would be expected from non-cooperative theory. Second, this possible solidarity among 'brothers in arms' when fighting …

Persistent link: https://www.econbiz.de/10010274925

Search costs and corporate income tax competition

Konrad, Kai A. - 2010

This paper studies corporate tax competition if it is costly to learn some of the elements that determine the effective tax burden. Search cost may, but need not, eliminate the tax competition pressure. The outcome depends on the boundaries of tax rate and tax base choices. Search cost can...

Persistent link: https://www.econbiz.de/10010274937

Monetary persistence and the labor market: A new perspective

Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2010

In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...

Persistent link: https://www.econbiz.de/10010278017

Hyperbolic discounting and positive optimal inflation

Graham, Liam; Snower, Dennis J. - 2011

The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...

Persistent link: https://www.econbiz.de/10010278022

A Theory of Price Adjustment under Loss Aversion

Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

Persistent link: https://www.econbiz.de/10010398564