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Salience of Law Enforcement: A Field Experiment

Dur, Robert; Vollaard, Ben - 2017

We conduct a field experiment to examine whether the deterrent effect of law enforcement can be strengthened by making law enforcement activities more salient. Our focus is on illegal disposal of household garbage in residential areas. At a random subset of 56 locations in a city in the...

Persistent link: https://www.econbiz.de/10011698666

Investment Effects of Wealth Taxes under Uncertainty and Irreversibility

Niemann, Rainer; Sureth-Sloane, Caren - 2015

taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …

Persistent link: https://www.econbiz.de/10011388282

Technology Transfers for Climate Change

Elsayyad, May; Morath, Florian - 2013

This paper considers investments in cost-reducing technology in the context of contributions to climate protection. Contributions to mitigating climate change are analyzed in a two-period model where later contributions can be based on better information, but delaying the contribution to the...

Persistent link: https://www.econbiz.de/10010328780

The irreversibility premium

Chirinko, Robert S.; Schaller, Huntley - 2008

we label the irreversibility premium. Estimates are based on panel data for the period 1980-2001. The large dataset …-wide shocks on the irreversibility premium. Our estimates provide a readily interpretable measure of the importance of … irreversibility and document that the irreversibility premium is both economically and statistically significant. …

Persistent link: https://www.econbiz.de/10010264335

Stay in school or start working? : the human capital investment decision under uncertainty and irreversibility

Bilkic, Natasa; Gries, Thomas; Pilichowski, Margarethe - 2009

under uncertainty and irreversibility. Unlike other approaches we include accumulative schooling costs, and provide a full …

Persistent link: https://www.econbiz.de/10010266045

The Effect of Policy Uncertainty on Investment Plans: Evidence from the Unexpected Acceptance of a Far-Reaching Referendum in Switzerland

Abberger, Klaus; Dibiasi, Andreas; Siegenthaler, Michael; … - 2016

Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by examining the effects of an unexpectedly accepted and farreaching referendum in Switzerland in February 2014. The vote has put several economically relevant agreements between...

Persistent link: https://www.econbiz.de/10011480470

On Corporate Tax Asymmetries and Neutrality

Panteghini, Paolo - 2000

This article discusses the effects of corporate tax asymmetries under investment irreversibility. We introduce a tax …

Persistent link: https://www.econbiz.de/10010314973

Optimal Investment Strategies under Demand and Tax Policy Uncertainty

Boehm, Hjalmar; Funke, Michael - 2000

In this paper we offer an analysis of the effects of uncertainty about future tax policy on irreversible investment. The main message of the paper is that investment is not much affected by the degreee of tax policy uncertainty. This is true regardless of whether random tax changes are...

Persistent link: https://www.econbiz.de/10010314999

Does the Nominal Exchange Rate Regime Matter for Investment?

Böhm, Hjalmar; Funke, Michael - 2001

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate regimes (very hard pegs, intermediate regimes, and floats) by means of a unified approach. The comparison of different exchange rate regimes indicates that currency volatility...

Persistent link: https://www.econbiz.de/10010315163

Competing for Foreign Direct Investments: A Real Options Approach

Panteghini, Paolo; Schjelderup, Guttorm - 2003

This paper uses the Bad News Principle to study how the ability of multinationals to shift profits by transfer pricing affects both the timing of foreign direct investment decisions and government tax policy. A main finding of the paper is that if countries compete to attract foreign direct...

Persistent link: https://www.econbiz.de/10010315782