Showing 1 - 10 of 474
This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly … demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …
Persistent link: https://www.econbiz.de/10010271071
growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … constraints can induce more entry of firms with greater long-run growth potential than the easing of conventional entry barriers … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and …
Persistent link: https://www.econbiz.de/10014469828
We study competition among a score of firms participating in an online market for a commodity computer component. Firms were able to adjust prices continuously; prices determined how the firms were ranked and listed (lowest price listed first), with better ranks contributing to firms' sales....
Persistent link: https://www.econbiz.de/10010333394
We study price dynamics for computer components sold on a price-comparison website. Our fine-grained data—a year of hourly price data for scores of rival retailers—allow us to estimate a dynamic model of competition, backing out structural estimates of managerial frictions. The estimated...
Persistent link: https://www.econbiz.de/10011615840
This paper develops a model of a monopolistically competitive industry with extensive and intensive business investment … and shows how these margins respond to changes in average and marginal corporate tax rates. Intensive investment refers to … the size of a firm's capital stock. Extensive investment refers to the firm's production location and reflects the trade …
Persistent link: https://www.econbiz.de/10010264223
distribution. Entrepreneurs strongly affect firm growth patterns of both very young firms and for firms that have begun to mature …
Persistent link: https://www.econbiz.de/10010291523
random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian …
Persistent link: https://www.econbiz.de/10011555555
The role of product market reforms in achieving the objective of higher employment and growth has recently received … reforms would increase factor demand and growth significantly in the medium and long run. …
Persistent link: https://www.econbiz.de/10010271923
The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …
Persistent link: https://www.econbiz.de/10010271966
's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …
Persistent link: https://www.econbiz.de/10010315858