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Investment and Financing Strategy of a Multinational Enterprise Under Alternative Tax Designs
Gerard, Marcel - 2012
multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We …
Persistent link: https://www.econbiz.de/10013104836
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On the Legitimacy of Coercion for the Financing of Public Goods
Bierbrauer, Felix J. - 2009
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10013158910
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Firms' Financial Choices and Thin Capitalization Rules under Corporate Tax Competition
Haufler, Andreas - 2008
Thin capitalization rules have become an important element in the corporate tax systems of developed countries. This paper sets up a model where national and multinational firms choose tax-efficient financial structures and countries compete for multinational firms through statutory tax rates...
Persistent link: https://www.econbiz.de/10012769702
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Financing Long-Term Care : Ex-Ante, Ex-Post or Both?
Costa-Font, Joan - 2014
This paper examines the heterogeneity in the public financing of long-term care (LTC), and the wide-ranging instruments … financing as ex-ante (occurring prior to when the need arises, such as insurance) and ex-post (occurring after the need arises …, such as public sector and family financing). Then we examine country-specific data to ascertain whether the two types of …
Persistent link: https://www.econbiz.de/10013040003
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Financial Constraints and Moral Hazard : The Case of Franchising
Fan, Ying; Kuhn, Kai-Uwe; Lafontaine, Francine - 2021
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10013315688
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Learning Abatement Costs : On the Dynamics of Optimal Regulation of Experience Goods
Hintermann, Beat - 2013
We study the introduction of new technologies when their costs are subject to idiosyncratic uncertainty and can only be fully learned through individual experience. We set up a dynamic model of clean experience goods that replace old polluting consumption options and show how optimal regulation...
Persistent link: https://www.econbiz.de/10013088224
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Learning or Lock-In : Optimal Technology Policies to Support Mitigation
Kalkuhl, Matthias - 2014
We investigate conditions that aggravate market failures in energy innovations, and suggest optimal policy instruments to address them. Using an intertemporal general equilibrium model we show that “small” market imperfections may trigger a several decades lasting dominance of an incumbent...
Persistent link: https://www.econbiz.de/10013068144
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The Geography of Linguistic Diversity and the Provision of Public Goods
Desmet, Klaus - 2017
interaction mitigates or reinforces antagonism towards other groups, the micro-founded theory we develop predicts that a country …
Persistent link: https://www.econbiz.de/10012964695
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Learning to Tax - Interjurisdictional Tax Competition Under Incomplete Information
Becker, Johannes - 2017
How do countries compete for mobile tax base when they lack precise information on how tax rates affect the tax base? We present a multi-period version of a classic tax competition model in which countries set source-based taxes under incomplete information on the tax base elasticity. This...
Persistent link: https://www.econbiz.de/10012942996
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The Green Paradox and Learning-by-Doing in the Renewable Energy Sector
Nachtigall, Daniel - 2014
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10013050467