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The Monopolistic Polluter Under Environmental Liability Law : Incentives for Abatement and R&D
Endres, Alfred - 2013
This paper analyzes the output, abatement, and investment decisions made by a monopolistic polluter under environmental liability law. The model applied considers both integrated and end-of-pipe abatement technologies. We find that in the case of fixed technology, in many instances negligence...
Persistent link: https://www.econbiz.de/10013092076
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Legal Institutions, Innovation and Growth
Anderlini, Luca - 2014
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex-ante) legal system and a flexible one (law set after observing current technology). The flexible system dominates in terms of welfare, amount of innovation and output growth at...
Persistent link: https://www.econbiz.de/10013067864
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Should We Give Up After Solyndra? Optimal Technology R&D Portfolios Under Uncertainty
Webster, Mort - 2015
Global climate change and other environmental challenges require the development of new energy technologies with lower emissions. In the near-term, R&D investments, either by government or the private sector, can bring down the costs of these lower emission technologies. However, the results of...
Persistent link: https://www.econbiz.de/10013018283
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Even Small Trade Costs Restore Efficiency in Tax Competition
Becker, Johannes - 2010
We introduce transport cost of trade in products into the classical Zodrow and Mieszkowski (1986) model of capital tax competition. It turns out that even small levels of transport cost lead to a complete breakdown of the seminal result, the underprovision of public goods. Instead, there is a...
Persistent link: https://www.econbiz.de/10013136648
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Illiquidity and Under-Valuation of Firms
Gale, Douglas M. - 2012
restore the efficiency of equilibria …
Persistent link: https://www.econbiz.de/10013116475
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Upstream Horizontal Mergers and Efficiency Gains
Milliou, Chrysovalantou - 2009
We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … efficiency gains can overcome its anti-competitive effects in terms of welfare, we show that when firms merge usually both of the …
Persistent link: https://www.econbiz.de/10013157197
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Efficiency Enhancing Taxation in Two-Sided Markets
Kind, Hans Jarle - 2008
This paper examines the efficient provision of goods in two-sided markets and characterizes optimal specific and ad-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) output may be reduced by imposing negative value-added taxes (subsidy) or...
Persistent link: https://www.econbiz.de/10012772273
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Petchey's (2015) Extension of Oates & Schwab's (1988) Efficiency Result Revisited
Eichner, Thomas - 2017
disposal a capital tax and an environmental standard. Petchey (2015) claims that the efficiency result of Oates and Schwab can … be extended to a large price-influencing jurisdiction. In the present note we show that the concept of Pareto efficiency …
Persistent link: https://www.econbiz.de/10012962602
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Inefficient Lock-In and Subsidy Competition
Borck, Rainald - 2009
This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric …
Persistent link: https://www.econbiz.de/10012764278
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Tax Competition and the Efficiency of 'Benefit-Related' Business Taxes
Gugl, Elisabeth - 2015
tax results in overprovision of the public service, while the effects of a capital tax - and thus the relative efficiency …
Persistent link: https://www.econbiz.de/10013012284