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Wealth, gifts and estate planning at the end of life
Sturrock, David; Groot, Stefan P. T.; Möhlmann, Jan L. - 2022
to gift taxation, we estimate Frisch elasticities of gifts to the net-of-tax rate between 9, for those giving around €27 …
Persistent link: https://www.econbiz.de/10013331880
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Who gives and receives substantial financial transfers in Britain?
Boileau, Bee; Sturrock, David - 2023
We document key patterns in the flow of significant gifts and loans between friends and family in Great Britain, using … newly-available data from the Wealth and Assets Survey. We identify a number of new stylised facts. Gifts and loans are … generally intergenerational transfers: 83% of the value of gifts and 68% of the value of loans is made by parents to their …
Persistent link: https://www.econbiz.de/10014372103
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What drives the timing of inter-vivos transfers?
Boileau, Bee; Sturrock, David - 2023
Understanding the drivers of wealth transfers during life is crucial to understanding the intergenerational transmission of inequality, the optimal design of social insurance, and the efficacy of expansionary fiscal policy. To shed light on this, we analyse the relationships between giving and...
Persistent link: https://www.econbiz.de/10014372112
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Computational complexity in additive hedonic games
Dimitrov, Dinko; Sung, Shao Chin - 2008
We investigate the computational complexity of several decision problems in hedonic coalition formation games and demonstrate that attaining stability in such games remains NP-hard even when they are additive. Precisely, we prove that when either core stability or strict core stability is under...
Persistent link: https://www.econbiz.de/10008799165
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On the legitimacy of coercion for the financing of public goods
Bierbrauer, Felix - 2009
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
Persistent link: https://www.econbiz.de/10008824513
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An institutional analysis of the enforcement problems in merger control
Budzinski, Oliver - 2010
The literature identifies a significant drop in merger control enforcement activity on both sides of the Atlantic during the last decade. Furthermore, this drop in enforcement activity is convincingly connected to enforcement problems on the sides of the competition agencies. This paper goes...
Persistent link: https://www.econbiz.de/10003986285
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The effect of spillovers and congestion on the segregative properties of endogenous jurisdiction structure formation
Oddou, Rémy - 2011
This paper analyzes the effect of spillovers and congestion of local public goods on the segregative properties of endogenous formation of jurisdiction. Households living in the same place form a jurisdiction and produce a local public good, that creates positive spillovers in other...
Persistent link: https://www.econbiz.de/10009152223
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The political economy of energy innovation
Dasgupta, Shouro; De Cian, Enrica; Verdolini, Elena - 2016
This paper empirically investigates the effects of environmental policy, institutions, political orientation, and lobbying on energy innovation and finds that they significantly affect the incentives to innovate and create cleaner energy efficient technologies. We conclude that political economy...
Persistent link: https://www.econbiz.de/10011457755
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Sovereign wealth funds : form and function in the 21st century
Clark, Gordon L.; Monk, Ashby H. B. - 2010
As representatives of nation-states in global financial markets, sovereign wealth funds (SWFs) share a common form and many functions. Arguably their form and functions owe as much to a shared (global) moment of institutional formation as they owe their form and functions to the hegemony of...
Persistent link: https://www.econbiz.de/10008747729
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The distribution of talent across contests
Azmat, Ghazala; Möller, Marc - 2016
Do the contests with the largest prizes attract the most-able contestants? To what extent do contestants avoid competition? In this paper, we show, theoretically and empirically, that the distribution of abilities plays a crucial role in determining contest choice. Complete sorting exists only...
Persistent link: https://www.econbiz.de/10011446156