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Incorporation and Taxation : Theory and Firm-Level Evidence

Egger, Peter H. - 2009

This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...

Persistent link: https://www.econbiz.de/10013158386

Opt in Versus Opt Out : A Free-Entry Analysis of Privacy Policies

Degryse, Hans - 2006

There is much debate on how the flow of information between firms should be organized, and whether existing privacy … laws should be amended. We offer a welfare comparison of the three main current policies towards consumer privacy … costly to opt in or opt out, privacy policies shape firms' ability to collect and use customer information, and affect their …

Persistent link: https://www.econbiz.de/10012779192

Should Tax Policy Favor High- or Low-Productivity Firms?

Langenmayr, Dominika - 2013

Heterogeneous firm productivity seems to provide an argument for governments to pursue ‘pick-the-winner' strategies by subsidizing highly productive firms more, or taxing them less, than their less productive counterparts. We appraise this argument by studying the optimal choice of effective...

Persistent link: https://www.econbiz.de/10013089181

Understanding Firms' Inflation Expectations Using the Bank of Canada's Business Outlook Survey

Richards, Simone - 2016

Inflation expectations are a key determinant of actual and future inflation and thus matter for the conduct of monetary policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada's Business Outlook Survey, spanning the 2001 to 2015...

Persistent link: https://www.econbiz.de/10012979664

Heterogeneous Firms and International Trade : The Role of Productivity and Financial Fragility

Assenza, Tiziana - 2016

Starting from the premise that productivity is heterogeneous across firms, Melitz (2003) explains why individual productivity is key in determining the capability of a firm to export. In this paper we build a model along Melitz's lines to show that also financial capacity, captured by the level...

Persistent link: https://www.econbiz.de/10012986270

von Ehrlich, Maximilian; Seidel, Tobias - 2021

In contrast to what several papers have argued recently, we show that firm heterogeneity fosters agglomeration of economic activity. If firms are more similar with respect to their total factor productivity, each company faces a lower propensity to export. This renders the home market more...

Persistent link: https://www.econbiz.de/10013315825

Trade and the Environment : The Role of Firm Heterogeneity

Kreickemeier, Udo; Richter, Philipp - 2021

This paper derives a new effect of trade liberalization on the quality of the environment. We show that in the presence of heterogeneous firms the aggregate volume of emissions is influenced not only by the long-established scale effect, but also by a reallocation effect resulting from an...

Persistent link: https://www.econbiz.de/10013315903

Optimal Trend Inflation

Adam, Klaus - 2018

Sticky price models featuring heterogeneous firms and systematic firm-level productivity trends deliver radically different predictions for the optimal inflation rate than their popular homogenous-firm counterparts: (1) the optimal steady-state inflation rate generically differs from zero and...

Persistent link: https://www.econbiz.de/10012916153

Current Account Imbalances and Structural Adjustment in the Euro Area : How to Rebalance Competitiveness

Zemanek, Holger - 2014

Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...

Persistent link: https://www.econbiz.de/10013071193

Money Overhang, Credit Overhang and Financial Imbalances in the Euro Area

Kool, Clemens J.M. - 2013

This paper focuses on the relation between external imbalances and domestic money and credit growth in the euro area. We compute money and credit overhang both for the euro area as a whole and for individual member countries. Our results show that both aggregate money and credit overhang have...

Persistent link: https://www.econbiz.de/10013072508

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