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Assessing Market (Dis)Integration in Early Modern China and Europe
Bernhofen, Daniel M. - 2015
This paper challenges established claims of comparable degrees of market integration in Europe and China on the eve of … arising from common shocks and network effects. Using monthly grain prices for 1740-1820 our analysis uncovers a secular … process of market disintegration in 221 prefectures of Qing China. Comparing our results with those for grain price panels …
Persistent link: https://www.econbiz.de/10013011330
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Vertical Market Power in Interconnected Natural Gas and Electricity Markets
Marks, Levi - 2017
New England is at the leading edge of an energy transition in which natural gas is playing an increasingly important role in the US electricity generation mix. In recent years, the region's wholesale natural gas and electricity markets have experienced severe, simultaneous price spikes. While...
Persistent link: https://www.econbiz.de/10012943388
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Liberalizing Russian Gas Markets – An Economic Analysis
Aune, Finn Roar - 2017
subsidies, and how changes in Russian gas consumption may affect its gas export to Europe. We also examine the importance of … Russian pipeline capacity to Europe, as well as impacts of hypothetical changes in Russian gas export behavior. For this … purpose, we use a detailed numerical model for the energy markets in Europe and Russia – LIBEMOD. Our results suggest that …
Persistent link: https://www.econbiz.de/10012971536
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Barriers to Entry, Deregulation and Workplace Training : A Theoretical Model with Evidence from Europe
Bassanini, Andrea; Brunello, Giorgio - 2021
contrasting effects of deregulation on training. With a given number of firms, deregulation reduces the size of rents per unit of … deregulation increases training incidence …
Persistent link: https://www.econbiz.de/10013316253
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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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Which Conflicts Can the European Neighbourhood Policy Help Resolve?
Gylfason, Thorvaldur - 2012
Under what conditions can the European Neighbourhood Policy achieve one of its main objectives: to resolve conflicts in the European Union's neighbourhood? In the spirit of Montesquieu and Monnet, the basic hypothesis of the EU is that closer economic integration encourages governments to take...
Persistent link: https://www.econbiz.de/10013104253
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Earnings Shocks and Tax-Motivated Income-Shifting : Evidence from European Multinationals
Dharmapala, Dhammika - 2012
This paper presents a new approach to estimating the existence and magnitude of tax-motivated income shifting within multinational corporations. Existing studies of income shifting use changes in corporate tax rates as a source of identification. In contrast, this paper exploits exogenous...
Persistent link: https://www.econbiz.de/10013107348
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On Creditor Seniority and Sovereign Bond Prices in Europe
Steinkamp, Sven - 2013
The recent increase of interest rate spreads in Europe and their apparent detachment from underlying fundamental …
Persistent link: https://www.econbiz.de/10013090004
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Do Transfer Pricing Laws Limit International Income Shifting? Evidence from European Multinationals
Lohse, Theresa - 2013
In recent years several countries have augmented their national tax laws by transfer pricing legislations which intend to limit the leeway of multinational firms to exploit international corporate tax rate differences and relocate profit to low-tax affiliates by distorting intra-firm transfer...
Persistent link: https://www.econbiz.de/10013075137
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VAT and Agriculture : Lessons from Europe
Cnossen, Sijbren - 2017
Farmers are often exempted from VAT for administrative and political reasons. But this means that the VAT on their inputs cannot be ‘washed out' through the tax deduction/credit mechanism. To compensate farmers for the uncompensated VAT on inputs, the EU has devised a flat-rate scheme that...
Persistent link: https://www.econbiz.de/10012960480