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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
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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
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Tax Competition and the Efficiency of 'Benefit-Related' Business Taxes
Gugl, Elisabeth - 2015
tax results in overprovision of the public service, while the effects of a capital tax - and thus the relative efficiency …
Persistent link: https://www.econbiz.de/10013012284
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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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Regulatory Arbitrage and the Efficiency of Banking Regulation
Boyer, Pierre - 2016
We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where … to locate their activities and have private information about their efficiency level. Regulators non-cooperatively offer … regulators to discriminate between banks with different efficiency levels. This result is driven by the endogenous restriction …
Persistent link: https://www.econbiz.de/10012991941
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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
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Are Donors Afraid of Charities' Core Costs? Scale Economies in Non-Profit Provision and Charity Selection
Perroni, Carlo - 2015
We study contestability in non-profit markets when non-commercial providers supply a homogeneous collective good through increasing-returns-to-scale technologies. Unlike in the case of for-profit competition, in the non-profit case the absence of price-based sales contracts means that fixed...
Persistent link: https://www.econbiz.de/10013031990
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Education : Optimal Choice and Efficient Policy
Richter, Wolfram F. - 2015
approach, we analyze the efficiency of education policy in Ramsey's tradition. Distortive wage taxation is shown to provide an … efficiency reason for subsidizing education in effective terms. Second-best policy is confronted with empirical evidence for OECD …
Persistent link: https://www.econbiz.de/10013020568
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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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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