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The EU's revenue system is still typical for an organisation based on international cooperation and stands in contrast to the Union's far advanced legislative and political role. This contrast feeds the debate on granting the EU an autonomous tax source. Our contribution explores the factors...
Persistent link: https://www.econbiz.de/10010298037
Venture capital markets are characterized by multiple incentive problems and asymmetric information in an uncertain environment. All kinds of agency problems are present: moral hazard, adverse selection, hold-up problems, window dressing, etc. Entrepreneurs and venture capitalists enter into...
Persistent link: https://www.econbiz.de/10010297726
more costly option for customers who have not switched to an alternative contract yet. As most German households are served … with this contract type we follow the Limit Pricing theory and show that standard contract price could be used as an … contract price could increases the incumbent's profit. We then analyze our theoretical findings employing data for German …
Persistent link: https://www.econbiz.de/10010307842