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 …

The desirability for production efficiency is re-examined in this study, where agents choose occupation based on … lifetime income net of tuition costs. Efficient revenue raising implies that the government should trade off efficiency in … production for efficiency in intertemporal consumption, as capital income is taxed in optimum. The subsequent wage difference …

restore the efficiency of equilibria …

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 …

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 …

This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric …