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Exit Dynamics of Start-up Firms: Does Profit Matter?

Golombek, Rolf; Raknerud, Arvid - CESifo - 2015

We estimate by means of indirect inference a structural economic model where firms’ exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...

Persistent link: https://www.econbiz.de/10011124892

Investment Policy for Time-Inconsistent Discounters

Harstad, Bård - CESifo - 2013

savings and decrease investments in the strategic substitutes, for example. To characterize the principal’s choices they are … benefits from subsidizing investments in “green” capital (complementary to future savings) and tax investments in substitute … the current principal prefers her future self to save more, she can increase current investments complementary to future …

Persistent link: https://www.econbiz.de/10010877709

Estimating Fluctuations in Oil and Gas Investment

Dahl, Roy Endré; Osmundsen, Petter - CESifo - 2014

Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...

Persistent link: https://www.econbiz.de/10010948869

Price-Dependent Profit Sharing as an Escape from the Bertrand Paradox

Foros, Oystein; Hagen, Kare P.; Kind, Hans Jarle - CESifo - 2007

firms undertake investments which benefit the industry in aggregate. The model is consistent with observations from the …

Persistent link: https://www.econbiz.de/10005094252

Optimal Energy Investment and R&D Strategies to Stabilise Greenhouse Gas Atmospheric Concentrations

Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - CESifo - 2007

The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid...

Persistent link: https://www.econbiz.de/10005765756

Tax Incentives, Bequest Motives, and the Demand for Life Insurance: Evidence from two Natural Experiments in Germany

Sauter, Nicolas; Walliser, Jan; Winter, Joachim - CESifo - 2010

Whole life insurance plays an important role in household saving. However, empirical evidence on its determinants is scarce. This paper studies two natural experiments to identify the effects of tax incentives and bequest motives on life-insurance demand. An unanticipated tax reform in 2000...

Persistent link: https://www.econbiz.de/10008534059

The Crisis of Germany's Pension Insurance system and How it Can be Resolved

Sinn, Hans-Werner - CESifo - 1999

crisis. The paper recommends obligatory priv ate savings at a variable rate where the time path of the savings rate is chosen …

Persistent link: https://www.econbiz.de/10005181352

The Savings-Inflation Puzzle

Heer, Burkhard; Süssmuth, Bernd - CESifo - 2006

We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …

Persistent link: https://www.econbiz.de/10005181527

Unemployment and Consumption: Are Job Losses Less Painful near the Mediterranean?

Bentolila, Samuel; Ichino, Andrea - CESifo - 2000

In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel data on households in five countries: Spain and Italy (the South), and Germany, Britain, and the US (the North). Our empirical results indicate that an increase in the duration...

Persistent link: https://www.econbiz.de/10005181601

Do Mobile Pensioners Threaten the Deferred Taxation of Savings?

Meier, Volker; Wagener, Andreas - CESifo - 2011

policy consists in full deferral of income taxes on savings and a full taxation of interest. Mobility of the old calls for … savings in combination with full tax exemption on capital income. …

Persistent link: https://www.econbiz.de/10009351472