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Banking Permits : Economic Efficiency and Distributional Effects

Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele - 2021

equilibrium interest rate. Most importantly, this paper analyses the efficiency and distributional consequences of allowing …

Persistent link: https://www.econbiz.de/10013316607

Climate Policy Enhances Efficiency : A Macroeconomic Portfolio Effect

Siegmeier, Jan - 2015

Carbon pricing regulates emission flows and collects rents from underlying fossil resource stocks. The resulting investment shift implies lower climate policy costs and improved welfare if capital is underaccumulated. We prove that under emission trading, such a beneficial macroeconomic...

Persistent link: https://www.econbiz.de/10013029498

Revisiting the OLI Paradigm : The Institutions, the State, and China's OFDI

Liang, Hao - 2011

We propose a modified theoretical framework based on John Dunning's classical OLI paradigm in the international business literature to analyze Chinese firms' fast-growing and aggressive outward foreign direct investment (OFDI). In particular, from an institutional perspective, we suggest a...

Persistent link: https://www.econbiz.de/10013118166

Persistence of Politicians and Firms' Innovation

Bellettini, Giorgio - 2014

We empirically investigate whether the persistence of politicians in political institutions affects the innovation activity of firms. We use 12,000 firm-level observations from three waves of the Italian Observatory over Small and Medium Enterprises, and introduce a measure of political...

Persistent link: https://www.econbiz.de/10013068570

Political Connections, State Ownership and Productivity in China

Harris, Richard I. D. - 2017

Subordination of business to political influence has remains pervasive in China. We construct a Schumpeterian-type model of growth with managerial time allocation between productive activities and building up political connections. The model predicts the impact of different patterns of state...

Persistent link: https://www.econbiz.de/10012964690

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

Illiquidity and Under-Valuation of Firms

Gale, Douglas M. - 2012

restore the efficiency of equilibria …

Persistent link: https://www.econbiz.de/10013116475

Efficiency and Environment Impacts of Electricity Restructuring on Coal-Fired Power Plants

Chan, H. Ron - 2013

We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area … without. Our analysis finds that restructuring led to: (1) a two percent improvement in fuel efficiency for IOs, (2) a ten …

Persistent link: https://www.econbiz.de/10013084009

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

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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