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Bachmann, Ruediger; Elstner, Steffen - 2021

West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level … and combine them with production expectations over a quarterly horizon in the same survey to construct series of … and at most 34 percent of firms systematically over- or underpredict their one-quarter-ahead upcoming production. In a …

Persistent link: https://www.econbiz.de/10013315803

Adjustment Costs, Inventories and Output

Danziger, Leif - 2021

-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be …

Persistent link: https://www.econbiz.de/10013316563

Tax Neutrality : Illusion or Reality? The Case of Entrepreneurship

Kanniainen, Vesa - 2008

This paper shows that taxes which are understood to be neutral with respect to the marginal investment decisions may be distortionary with respect to entrepreneurial decisions. In particular, we apply an intertemporal model to show that a comprehensive income tax is distortionary unless all...

Persistent link: https://www.econbiz.de/10012771817

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 - anonymity, opt in, and opt out - within a two-period model of...

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

Does Public Governance Always Matter? How Experience of Poor Institutional Quality Influences FDI to the South

Darby, Julia - 2011

This paper investigates whether the higher prevalence of South multinational enterprises (MNEs) in risky developing countries may be explained by the experience that they have acquired of poor institutional quality at home. We confirm the intuition provided by our analytical model by empirically...

Persistent link: https://www.econbiz.de/10013131603

North-South Technology Transfer in Unionised Multinationals

Lommerud, Kjell Erik - 2010

We study how incentives for North-South technology transfers in multinational enterprises are affected by labour market institutions. If workers are collectively organised, incentives for technology transfers are partly governed by firms' desire to curb trade union power. This will affect not...

Persistent link: https://www.econbiz.de/10013135262

Foreign Market Entry Under Incomplete Contracts

Seidel, Tobias - 2010

I show in this paper that incomplete contracts affect a firm's decision about serving foreign customers through exports or local sales from an affiliated plant. When contracts between two agents within a firm are too costly to write, the share of multinational firms may be higher or lower...

Persistent link: https://www.econbiz.de/10013135913

Why Foreign Ownership May Be Good for You

Egger, Hartmut - 2011

We develop a general equilibrium two-country model with heterogeneous producers and rent sharing at the firm level due to fairness preferences of workers. We identify two sources of a multinational wage premium. On the one hand, there is a pure composition effect because multinational firms are...

Persistent link: https://www.econbiz.de/10013118502

International Debt Shifting : Do Multinationals Shift Internal or External Debt?

Møen, Jarle - 2011

Multinational companies can exploit the tax advantage of debt more aggressively than national companies by shifting debt from affiliates in low tax countries to affiliates in high tax countries. Previous papers have either omitted internal debt or external debt from the analysis. We are the...

Persistent link: https://www.econbiz.de/10013122255

Home Bank Intermediation of Foreign Direct Investment

Poelhekke, Steven - 2011

This paper investigates the benefits of banks' direct investment in foreign subsidiaries and branches for non-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host countries, rather than for its international...

Persistent link: https://www.econbiz.de/10013123798

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