of savings, precautionary savings, loss aversion, and risk. We provide the relevant theory, followed by empirical tests … based on subject-specific choices, and the measurement of subject-specific behavioral parameters such as loss aversion and … present bias. We predict, and show empirically, that loss aversion reduces savings, and that those who are more loss averse …

Following recent court rulings, cross-border loss compensation for multinational firms will likely be introduced, at … cross-border loss compensation is likely to intensify tax competition when, following current international practice, the … parent firm's home country bases the tax rebate for a loss-making subsidiary on its own tax rate. In equilibrium, tax revenue …

This paper analyzes the impact of particular loss offset limitations on intrastate and crossborder investment decisions … investment incentives of tax law asymmetries. Integrating an initial loss carryforward at the time of investment creates a … special decision situation. Varying loss offset parameters typically induces ambiguous effects that depend on the combination …