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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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Local Border Reforms and Economic Activity
Egger, Peter H. - 2018
In this paper, we study how local border reforms affect economic activity. To do so, we make use of large-scale municipal merger reforms in Germany to assess the effect of local border changes on the distribution of activity in space, an issue that has not been addressed in existing literature....
Persistent link: https://www.econbiz.de/10012930606
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Market Liberalization in the European Natural Gas Market - The Importance of Capacity Constraints and Efficiency Differences
Brakman, Steven; van Marrewijk, Charles; van … - 2021
In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...
Persistent link: https://www.econbiz.de/10013316347
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Multimarket Linkages, Cartel Discipline and Trade Costs
Agnosteva, Delina - 2018
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
Persistent link: https://www.econbiz.de/10012926563
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Multi-Pollutant Point-Nonpoint Trading with Participation Decisions : The Role of Transaction Costs
Reeling, Carson - 2018
efficiency gains. Point sources generate a single pollutant, while nonpoint sources generate multiple, complementary pollutants … attraction around the full-participation equilibrium, and thus may improve pollution trading efficiency relative to distinct …
Persistent link: https://www.econbiz.de/10012911045
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Trade Cost Reduction and Foreign Direct Investment in a Vertical Structure
Haque, M. Emranul - 2017
Although empirical evidence shows that a lower trade cost and higher FDI may go hand in hand, the well-known “proximity-concentration” hypothesis does not support this view. We provide a simple explanation for this phenomenon. We show that a lower trade cost on the intermediate goods (with...
Persistent link: https://www.econbiz.de/10012943399
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Product and Labor Market Deregulation in Unionized Oligopoly with Asymmetric Countries
Egger, Hartmut - 2011
setting, we study the trade and welfare implications of labor market deregulation and compare these implications with the … consequences of product market deregulation. Thereby, we take into account that labor market reforms are subject to national policy … decisions and thus associated with unilateral intervention, while product market deregulation is determined at an international …
Persistent link: https://www.econbiz.de/10013119394
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Do Cost-Sharing and Entry Deregulation Curb Pharmaceutical Innovation?
Grossmann, Volker - 2011
deregulation may lead to quality-improvements of pharmaceuticals, despite reducing price-setting power of pharmaceutical companies …
Persistent link: https://www.econbiz.de/10013125326
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Barriers to Entry, Deregulation and Workplace Training : A Theoretical Model with Evidence from Europe
Bassanini, Andrea; Brunello, Giorgio - 2021
contrasting effects of deregulation on training. With a given number of firms, deregulation reduces the size of rents per unit of … deregulation increases training incidence …
Persistent link: https://www.econbiz.de/10013316253
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Migration-Regime Liberalization and Social Security : Political-Economy Effect
Razin, Assaf; Sand, Edith - 2021
The pay-as-you-go social security system, which suffers from dwindling labor force, can benefit from immigrants with birth rates that exceed the native-born birth rates in the host country. Thus, a social security system provides effectively an incentive to liberalize migration policy. The paper...
Persistent link: https://www.econbiz.de/10013316373