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Why parallel trade may raise producers profits
Raff, Horst (contributor); Schmitt, Nicolas (contributor) - 2005
retailers trade unsold inventories generally results in larger orders placed with the manufacturer, higher manufacturer profit …
Persistent link: https://www.econbiz.de/10003112697
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Labour taxation and foreign direct investment
Egger, Peter (contributor); Radulescu, Doina (contributor) - 2008
Persistent link: https://www.econbiz.de/10003712504
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"Unwarranted" wage changes and the return on capital
Katsimē, Margarita; Kalyvitēs, Sarantēs; Moutos, Thomas - 2009
Casual empiricism suggests that unwarrantedʺ wage changes, defined as the part of wage growth that is not explained by changes in labour productivity, are negatively associated with the return on capital. The main point of this paper is to show that unwarrantedʺ wage changes have no causal...
Persistent link: https://www.econbiz.de/10003887514
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The impact of fiscal policy on profits
Katsimē, Margarita; Sarantides, Vassilis - 2009
during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our …
Persistent link: https://www.econbiz.de/10003898835
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Firm and establishment volatility : the role of sunk costs, profit uncertainty and technological change
Ghosal, Vivek - 2003
The degree of endemic volatility in the number of firms and establishments varies considerably across industries … of firm volatility across industries: for example, sunk capital costs, uncertainty about profits and technological change …. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …
Persistent link: https://www.econbiz.de/10011508062
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The information content of dividends : safer profits, not higher profits
Michaely, Roni; Rossi, Stefano; Weber, Michael - 2017 - This version: October 2017
model's predictions, cash-flow volatility changes in the opposite direction from that of dividend changes and larger changes … in volatility come with larger announcement returns. We find similar results for share repurchases. Crucially, the data … that payout policy conveys information about future cash flow volatility. Our methodology can be applied more generally to …
Persistent link: https://www.econbiz.de/10011754236
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A third benefit of joint non-OPEC carbon taxes : transferring OPEC monopoly rent
Yan, Dong; Whalley, John - 2009
This paper highlights the potential for joint OECD (or non-OPEC) carbon taxes to reduce OPEC's monopoly rent and provide benefit to non-OPEC countries provided jointly agreed trigger strategies are adhered to. In traditional economic theory, the primary purpose of a carbon tax is to internalize...
Persistent link: https://www.econbiz.de/10003872304
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Immigration, search, and redistribution : a quantitative assessment of native welfare
Battisti, Michele; Felbermayr, Gabriel; Peri, Giovanni; … - 2014
We study the effects of immigration on native welfare in a general equilibrium model featuring two skill types, search frictions, wage bargaining, and a redistributive welfare state. Our quantitative analysis suggests that, in all 20 countries studied, immigration attenuates the effects of...
Persistent link: https://www.econbiz.de/10010418118
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International trade and unemployment : a quantitative framework
Heid, Benedikt; Larch, Mario - 2012
Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a quantitative trade framework which explicitly models labor...
Persistent link: https://www.econbiz.de/10009683242
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Embedding as a pitfall for survey-based welfare indicators : evidence from an experiment
Hetschko, Clemens; Reumont, Louisa von; Schöb, Ronnie - 2017 - This version: March, 2017
How can we assess the welfare of a society, its evolution over time and predict its change due to particular policy interventions? One way is to use survey-based welfare indicators such as the OECD Better Life Index. It invites people to weight a variety of quality of life indicators according...
Persistent link: https://www.econbiz.de/10011638276