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Tax competition and determination of the quality of public goods

Abdessalam, Ahmed Haidara Ould; Kamwa, Eric - 2013

In this paper, the authors analyze the behavior of local governments on capital taxation when the financial choices in terms of a public good quality are done by a central planner. More specifically, they ask the question whether a local government has an interest to tax the mobile factor in...

Persistent link: https://www.econbiz.de/10009744064

Social influences towards conformism in economic experiments

Heap, Shaun Hargreaves - 2014

This paper reviews some of the economic experimental evidence on conformism. There is nothing to match the early psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is plenty of evidence of conformism. This seems built-in to...

Persistent link: https://www.econbiz.de/10010230894

Market power in the portfolio : product market competition and mutual fund performance

Jaspersen, Stefan - 2016 - This draft: September 2016

I provide evidence that fund managers who overweight firms with the most differentiated products ('monopolies') exhibit a superior risk-adjusted performance. This is consistent with information advantages due to a better understanding of qualitative information on a firm's competitive...

Persistent link: https://www.econbiz.de/10011539240

IPR protection and optimal entry modes of multinationals

Banerjee, Tanmoyee; Biswas, Nilanjana - 2016

The present paper develops a model to analyze the relationship between modes of entry of a Multinational Corporation …) protection policy adopted by the LDC government. The MNC has two options of entry: fragment production structure and shift … copying of the original product by a commercial pirate in the two modes of entry. The results show that the optimal anti …

Persistent link: https://www.econbiz.de/10011418744

Betting on market power : product market competition and mutual funds' information production

Jaspersen, Stefan - 2019 - (Vers. 03/2019)

Processing qualitative information about a firm's product market competition matters for fund performance. I find that fund managers with a better understanding of a firm's market power exhibit a superior risk-adjusted performance. Managers who overweight companies with the fewest competitors...

Persistent link: https://www.econbiz.de/10011983783

Effects of intellectual property rights protection and integration on economic growth and welfare

Lai, Chung-hui; Wang, Vey - 2015

The protection of intellectual property rights (IPR) and the distribution of rent are central issues in R&D-based growth models with the return to innovation serving as the engine of growth. In this paper the authors consider the strength of the intellectual property rights and franchise...

Persistent link: https://www.econbiz.de/10010462546

Mutual fund bets on market power

Jaspersen, Stefan - 2020 - [Vers. 01/2020]

Processing qualitative information about a firm's product market competition matters for professional investors. Consistent with a superior understanding of a firm's market power, fund managers who overweight companies with the fewest competitors (monopolies) outperform their peers. An exogenous...

Persistent link: https://www.econbiz.de/10012160111

Are R&D subsidies effective? : the effect of industry competition

Xin, Xiang - 2018

This study explores the effect of industry competition on public R&D subsidies' effectiveness. The author finds the non-linear threshold effect of industry competition on R&D subsidies' effectiveness. Specifically, R&D subsidies' effectiveness reaches its peak when industry competition lies...

Persistent link: https://www.econbiz.de/10011842205

Endogenous technology sharing in R&D intensive industries

Clark, Derek J.; Sand, Jan Yngve - 2009

This paper analyses the endogenous formation of technology sharing coalitions with asymmetric firms. Coalition partners produce complementary technology advancements, although each firm determines its R&D investment level non-cooperatively and there is no co-operation in the product market. We...

Persistent link: https://www.econbiz.de/10003844221

Evolution of competition in Vietnam industries over the recent economic transition

Doan, Tinh - 2012

Understanding the degree and evolution of competition across industries is an important step towards understanding the impact of economic reform and competition on economic growth in Vietnam during the economic transition. In this paper, the author investigates the evolution of competition in...

Persistent link: https://www.econbiz.de/10009488829