Showing 1 - 10 of 2,291
This paper examines the theoretical properties of full cost transfer prices in multi-divisional firms. In our model, divisional managers are responsible for the initial acquisition of productive capacity and the utilization of that capacity in subsequent periods, once operational uncertainty has...
Persistent link: https://www.econbiz.de/10012858193
This paper analyses the effect of a firm’s organizational capacity on the reported profitability of multinational enterprises (MNEs). Better organizational practices improve productivity and the potential taxable profits of firms. However, higher adoption of these practices may also enable...
Persistent link: https://www.econbiz.de/10013212267
relationships involving higher trust, buyers are able to induce higher investment and more intense competition among suppliers - but …, we show that more trust in a relationship is associated with higher idiosyncratic investment by suppliers and better part … quality - but also with more competition among suppliers. Both associations hold only for parts involving comparatively …
Persistent link: https://www.econbiz.de/10012866364
This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to …
Persistent link: https://www.econbiz.de/10010261128
In many situations governments have sector-specific tax and regulation policies at their disposal to influence the market outcome after a national or an international merger has taken place. In this paper we study the implications for merger policy when countries non-cooperatively deploy...
Persistent link: https://www.econbiz.de/10013316665
If countries anticipate Bertrand competition in tax rates, they may expend effort that makes some of their tax payers … use. I analyse how such activities interact with Bertrand tax competition if the size of the group of loyal and non … of non-price competition. Home attachment reduces the intensity of tax competition, but generates a strategic …
Persistent link: https://www.econbiz.de/10013316737
encroacher's valuation of the asset is increasing in the asset owner's investment. Due to incomplete property rights, the … encroacher and asset owner engage in a contest over the control of the asset after investment has taken place. A standard result … is that the asset owner will underinvest in the asset relative to the first-best level of investment when property rights …
Persistent link: https://www.econbiz.de/10010265975
The role of product market reforms in achieving the objective of higher employment and growth has recently received much attention amongst academics. The aim of this paper is to analyse some of the channels through which cross-market effects come about and to assess their policy relevance. The...
Persistent link: https://www.econbiz.de/10010271923
to invest compared to autarky. The investment levels remain inefficient though. With generation facilities over-investment … occurs sometimes, while systematic under-investment occurs for transportation facilities. Free-riding reduces the incentives … investment. …
Persistent link: https://www.econbiz.de/10010283608
We integrate a market microstructure model with an exchange competition model with entry in which exchanges supply … strategic substitutes or complements in platform competition. Free entry of platforms delivers a superior outcome in terms of …
Persistent link: https://www.econbiz.de/10012892152