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Tax competition, investment irreversibility and the provision of public goods

Moretto, Michele; Panteghini, Paolo; Vergalli, Sergio - 2013

This article studies the effects of tax competition on the provision of public goods under business risk and partial irreversibility of investment. As will be shown, the provision of public goods changes over time and also depends on the business cycle. In particular, under source-based...

Persistent link: https://www.econbiz.de/10010189446

Robustness of VSL values from contingent valuation surveys

Alberini, Anna - 2004

distributional assumptions, the choice of the welfare statistics of interest, the procedure for computing them, outliers, undesirable …

Persistent link: https://www.econbiz.de/10011606927

Sharing of climate risks across world regions

Emmerling, Johannes - 2014

the potential welfare gains from such a scheme. Starting from the standard welfare analysis in Integrated Assessment … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global … for considering risk sharing in IAMs, but also for potentially welfare increasing negotiations about sharing risks of …

Persistent link: https://www.econbiz.de/10010404114

Portfolio choice with internal habit formation : a life-cycle model with uninsurable labour income risk

Gomes, Francisco J.; Michaelides, Alex - 2003

Persistent link: https://www.econbiz.de/10001757001

A new look at uncertainty shocks : imperfect information and misallocation

Senga, Tatsuro - 2015

Uncertainty faced by individual firms appears to be heterogeneous. In this paper, I construct new empirical measures of firm-level uncertainty using data from the I/B/E/S and Compustat. These new measures reveal persistent differences in the degree of uncertainty facing individual firms not...

Persistent link: https://www.econbiz.de/10011401309