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Digital Rights Management and the Pricing of Digital Products
Park, Yooki - 2008
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012727035
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Tax Reform, Delocation and Heterogeneous Firms
Baldwin, Richard - 2010
The standard international tax model is extended to allow for heterogeneous firms when agglomeration forces are important thus allowing us to study the relocation effects of taxes that vary according to firm size. We show that allowing for heterogeneity permits a given tax scheme to have an...
Persistent link: https://www.econbiz.de/10013152382
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How Elastic is the Demand for Tax Havens? Evidence from the Us Possessions Corporations Tax Credit
Garrett, Daniel - 2019
Why do some firms adopt certain tax havens and how sensitive is the demand for tax havens? We address these questions by studying how the repeal of Section 936 tax credits affected firms with affiliates in Puerto Rico. We first describe the characteristics of US multinationals that were exposed...
Persistent link: https://www.econbiz.de/10012893527
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Taxation and the International Mobility of Inventors
Akcigit, Ufuk - 2015
destination country including, among others, measures of patent quality and technological fit with each potential destination …
Persistent link: https://www.econbiz.de/10013026299
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The Revealed Preference of the Chinese Communist Party Leadership : Investing in Local Economic Development Versus Rewarding Social Connections
Kahn, Matthew E. - 2018
Over the last 30 years, the Chinese government has invested in new industrial parks with the intent of stimulating urban economic growth. The central government delegates the site selection decision to provincial leaders. A principal-agent issue arises because the central government prioritizes...
Persistent link: https://www.econbiz.de/10012922980
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The Effect of Property Taxes on Location Decisions : Evidence from the Market for Vacation Homes
Johnson, Erik B.; Walsh, Randall - 2021
The Tiebout model assumes that individuals 'vote with their feet' and choose to locate in the jurisdiction which best matches their fiscal preferences. In this paper, we test Tiebout's voting mechanism by examining whether housing purchase decisions are sensitive to changes in local property tax...
Persistent link: https://www.econbiz.de/10013225168
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Migration and Hedonic Valuation : The Case of Air Quality
Bayer, Patrick J.; Keohane, Nathaniel O.; Timmins, … - 2021
the household location decision directly, and we apply it to the case of air quality in U.S. metro areas in 1990 and 2000 … instrument for air quality using the contribution of distant sources to local pollution %u2013 excluding emissions from local … to pay with respect to air quality of 0.34 to 0.42. These estimates imply that the median household would pay $149 to …
Persistent link: https://www.econbiz.de/10013249384
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Industry Compensation Under Relocation Risk : A Firm-Level Analysis of the EU Emissions Trading Scheme
Martin, Ralf - 2013
When regulated firms are offered compensation to prevent them from relocating, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by relocation. We formalize this fundamental economic logic and apply it...
Persistent link: https://www.econbiz.de/10013080845
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Location Choice, Portfolio Choice
Branikas, Ioannis - 2017
Households hold nondiversified stock portfolios of firms headquartered near their city of residence. Explanations assign a causal role for proximity, either in generating an informational advantage or a familiarity bias. Empirical analyses assume households locate randomly, even though they...
Persistent link: https://www.econbiz.de/10012965434
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No Place Like Home : Tax Incentives and the Location of R&D by American Multinationals
Hines Jr., James R. - 2022
This paper analyzes the effects of the U.S. tax treatment of the R&D activities of American multinationals. Recent evidence indicates that the level of R&D spending is highly sensitive to its after-tax cost. The U.S. Tax Reform Act of 1986 reduced the tax deductions that many American firms can...
Persistent link: https://www.econbiz.de/10014074098