The taxation of corporate assets is well understood to influence investment and firm valuation. This paper explores the … incentives than those implied by the usual static analysis. Simulation results suggest that investment is sensitive to future tax …

unanticipated) changes in the distribution of political power and in economic structure. We focus on the Markov Voting Equilibria …, which require that economic and political changes should take place if there exists a subset of players with the power to … institutions as well as individual types can be ordered, and preferences and the distribution of political power satisfy natural …

and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …

perceived to have “a mainly positive or negative influence in the world.” Holding other things constant, a country's exports are …. Succinctly, countries receive a commercial return on their soft power …

entry helps the incumbent to serve a greater number of trips, make more bike investment, achieve higher revenue per trip …