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We propose an equity finance model with agency problems and investigate the relationship between dividend taxation and … inefficient investments. Contrary to both the old and the new view of dividend taxation, a fall in the dividend tax rate is found …
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Radio spectrum represents a scarce resource assigned to operators by national regulatory authorities through auctions, beauty contests or other mechanisms, aimed at introducing sufficient incentives for an optimal use of such a resource. A prerequisite for designing efficient assignment methods...
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