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Taxation, Industry Integration and Production Efficiency
Moriconi, Simone - 2016
economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate … production units. The present paper investigates the effects of taxation on production efficiency, accounting for the … effect of this "tax induced organizational change" on production efficiency ultimately depends on the characteristics of the …
Persistent link: https://www.econbiz.de/10012984733
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The Economics of Pending Patents
Koenen, Johannes - 2015
We provide a treatment of a number of questions pertaining to pending patents – a subject that has so-far mainly been discussed en-passant in the existing literature. We present the underlying institutional and legal framework that governs pending patents and some basic facts related to them....
Persistent link: https://www.econbiz.de/10013037442
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Upward Pricing Pressure of Mergers Weakening Vertical Relationships
Langus, Gregor - 2016
We modify the UPP test of Farrell and Shapiro (2010) to take into account the possibility that a merger weakens (or eliminates) a vertical supply relationship. After deriving a general effect of the merger, we provide an example of simple estimation strategy when only prices, costs and market...
Persistent link: https://www.econbiz.de/10012999622
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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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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