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Spend-and-Tax : A Panel Data Investigation for the EU
Afonso, António - 2009
Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...
Persistent link: https://www.econbiz.de/10013158140
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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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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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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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Media Market Concentration, Advertising Levels, and Ad Prices
Anderson, Simon P. - 2011
Standard media economics models imply that increased platform competition decreases ad levels and that mergers reduce per-viewer ad prices. The empirical evidence, however, is mixed. We attribute the theoretical predictions to the combined assumptions that there is no advertising congestion and...
Persistent link: https://www.econbiz.de/10013117358
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Evaluating Market Consolidation in Mobile Communications
Genakos, Christos - 2017
and efficiency gains stemming from agreements between firms …
Persistent link: https://www.econbiz.de/10012953486
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Concentrating on the Fall of the Labor Share
Autor, David H. - 2017
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a “superstar firm” model where industries are increasingly characterized by “winner take most” competition, leading a small number of highly profitable (and...
Persistent link: https://www.econbiz.de/10012961079
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Spatial Concentration of Manufacturing Firms in China
Brakman, Steven - 2014
Applying the methodology developed by Duranton and Overman (2005, 2008), we analyze localization and dispersion of firms in China. Using a unique and detailed dataset on manufacturing firms in China, we are able to follow the changes in location patterns of firms between 2002 and 2008. Our...
Persistent link: https://www.econbiz.de/10013050474
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Market Integration, Wage Concentration, and the Cost and Volume of Trade Machines
Edwards, T. Huw - 2014
We investigate the theoretical relationship between wage concentration and international market integration. Access to imported varieties lowers the cost of intermediate inputs (“machines”) used to carry out production tasks, causing workers with different comparative abilities to be sorted...
Persistent link: https://www.econbiz.de/10013045919
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Concentration and Market Size : Lower Bound Estimates for the Brazilian Industry
Resende, Marcelo - 2021
The paper estimates the lower bound for market concentration taking as reference the framework advanced by Sutton (1991). Quantile regression methods were considered in the context of the Brazilian manufacturing industry in 2005 and separate estimates were obtained for exogenous and endogenous...
Persistent link: https://www.econbiz.de/10013316454