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On the Profitability of Cross-Ownership in Cournot Oligopolies : Stock Sizes Matter
Benchekroun, Hassan - 2020
We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …
Persistent link: https://www.econbiz.de/10012824811
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Profit Taxation and Bank Risk Taking
Kogler, Michael - 2021
How can tax policy improve financial stability? Recent studies suggest large stability gains from eliminating the debt bias in corporate taxation. It is well known that this reform reduces bank leverage. This paper analyzes a novel, complementary channel: risk taking. We model banks’ portfolio...
Persistent link: https://www.econbiz.de/10013250732
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Profit Effects of Consumers’ Identity Management : A Dynamic Model
Laussel, Didier; Van Long, Ngo; Resende, Joana - 2021
We consider a non-durable good monopoly that collects data on its customers in order to profile them and subsequently practice price discrimination on returning customers. The monopolist’s price discrimination scheme is leaky, in the sense that an endogenous fraction of consumers choose to...
Persistent link: https://www.econbiz.de/10013213778
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Can Bitcoin Mining Increase Renewable Electricity Capacity?
Bruno, August; Weber, Paige; Yates, Andrew - 2022
Proponents of Bitcoin argue that demand for electricity from Bitcoin miners can lead to an increase in renewable electricity capacity. We rigorously evaluate this claim by estimating a Bitcoin electricity demand curve and include this demand curve in a long-run model of the Texas electricity...
Persistent link: https://www.econbiz.de/10014239209
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Collusion Sustainability with a Capacity Constrained Firm
Madio, Leonardo; Pignataro, Aldo - 2023
We study an infinitely repeated oligopoly game in which firms compete on quantity and one of them is capacity constrained. We show that collusion sustainability is non-monotonic in the size of the capacity constrained firm, which has little incentive to deviate from a cartel. We also present...
Persistent link: https://www.econbiz.de/10014264158
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Competition and gender prejudice : are discriminatory employers doomed to fail?
Weber, Andrea Maria; Zulehner, Christine - 2009
According to Becker's (1957) famous theory on discrimination, entrepreneurs with a strong prejudice against female …
Persistent link: https://www.econbiz.de/10010277092
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PRC Industrial Policies Postdate Rather than Lead Economic Activity
Holz, Carsten A. - 2020
taken place since the early 2000s are driven more by profitability considerations and private entrepreneurship than by …
Persistent link: https://www.econbiz.de/10012841149
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The Good, the Bad, and the Ugly : Impact of Negative Interest Rates and QE on the Profitability and Risk-Taking of 1600 German Banks
Florian, Urbschat - 2019
about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making …
Persistent link: https://www.econbiz.de/10012892229
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Optimal Firms's Dividend and Capital Structure for Mean Reverting Profitability
Menoncin, Francesco; Panteghini, Paolo M.; Regis, Luca - 2021
optimal dynamic control problem is characterized by two stochastic state variables: the equity value, and profitability (ROA …) of the _rm. According to the empirical evidence, we let profitability follow a mean reverting process. The problem is …
Persistent link: https://www.econbiz.de/10013314671
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Profit Shifting in the EU : Evidence from Germany
Weichenrieder, Alfons J. - 2021
correlation between the home country tax rate of a parent and the net of tax profitability of its German affiliate that is … increase in the profitability of the German affiliate. On the outbound side of German FDI, the data provides some evidence that … tax rate changes in the host country lead to a stronger change in after-tax profitability for affiliates that are wholly …
Persistent link: https://www.econbiz.de/10013316976