Showing 1 - 10 of 468
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
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
paper investigates whether highlighting positive or negative aspects of online privacy, thereby mitigating the informational … problem, can affect consumers' privacy actions and attitudes. Results of two online survey experiments indicate that … informed about positive attitudes of companies towards their privacy. On the other hand, they do not change their attitudes and …
Persistent link: https://www.econbiz.de/10012996793
We examine the quantitative predictions of heterogeneous firm models à la Melitz (2003) in the context of the Canada - US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity across a range of standard models and compare them to the...
Persistent link: https://www.econbiz.de/10013077449
In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to shareholder-oriented firms in a model of imperfect competition....
Persistent link: https://www.econbiz.de/10013057260
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
This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...
Persistent link: https://www.econbiz.de/10013101194
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
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
Using administrative employee-firm-level data on the entire private sector from 1994 to 2007, we show that the labor market in France has polarized: employment shares of high and low wage occupations have grown, while middle wage occupations have shrunk. During the same period, the share of...
Persistent link: https://www.econbiz.de/10012987341