Similar Search Results

The Effect of Regulatory Harmonization on Cross-Border Labor Migration : Evidence from the Accounting Profession

Bloomfield, Matthew J. - 2016

The paper examines whether international regulatory harmonization increases cross-border labor migration. To study this question, we analyze European Union (EU) initiatives that harmonized accounting and auditing standards. Regulatory harmonization should reduce economic mobility barriers,...

Persistent link: https://www.econbiz.de/10013000840

Optimal Regulation of Auditing

Pagano, Marco; Immordino, Giovanni - 2021

We study regulation of the auditing profession in a model where audit quality is unobservable and enforcing regulation is costly. The optimal audit standard falls short of the first-best audit quality, and is increasing in the riskiness of firms and in the amount of funding they seek. The model...

Persistent link: https://www.econbiz.de/10013317070

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

Illiquidity and Under-Valuation of Firms

Gale, Douglas M. - 2012

restore the efficiency of equilibria …

Persistent link: https://www.econbiz.de/10013116475

Efficiency and Environment Impacts of Electricity Restructuring on Coal-Fired Power Plants

Chan, H. Ron - 2013

We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area … without. Our analysis finds that restructuring led to: (1) a two percent improvement in fuel efficiency for IOs, (2) a ten …

Persistent link: https://www.econbiz.de/10013084009

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

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

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

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

Fiscal Decentralization and Public Sector Efficiency : Evidence from OECD Countries

Adam, Antonis - 2008

This paper attempts to identify the effect of fiscal decentralization on public sector efficiency (PSE). We employ data …

Persistent link: https://www.econbiz.de/10012770638