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On the Organizational Structure of Multinational Firms - Which Sourcing Mode for Which Input?
Nowak, Verena; Schwarz, Christian; Suedekum, Jens - 2021
Recent studies indicate that firms often outsource standard and simple tasks, while keeping complex and important inputs inside their boundaries. This observation is difficult to reconcile with the property rights approach of the firm, which suggests that important components should be...
Persistent link: https://www.econbiz.de/10013315907
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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
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Illiquidity and Under-Valuation of Firms
Gale, Douglas M. - 2012
restore the efficiency of equilibria …
Persistent link: https://www.econbiz.de/10013116475
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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
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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
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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
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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
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Tax Competition and the Efficiency of 'Benefit-Related' Business Taxes
Gugl, Elisabeth - 2015
tax results in overprovision of the public service, while the effects of a capital tax - and thus the relative efficiency …
Persistent link: https://www.econbiz.de/10013012284
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Consumer Standards as a Strategic Device to Mitigate Ratchet Effects in Dynamic Regulation
Fiocco, Raffaele - 2014
Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by mitigating ratchet effects associated with short term contracting. A pure consumer standard alleviates the regulator's myopic temptation to raise output after learning the firm is...
Persistent link: https://www.econbiz.de/10013054025
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Complexity, Efficiency, and Fairness of Multi-Product Monopoly Pricing
Miravete, Eugenio J. - 2014
The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits and is mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to assess the implications...
Persistent link: https://www.econbiz.de/10013055988