This paper contributes to resolving the puzzle that in practice most countries use ad valorem (corporate income) taxation, while a large part of the tax competition literature views business taxes as unit (wealth) taxation. We point to the dual role corporate taxation plays in attracting mobile...

We analyze Nash equilibria of share and probabilistic contests when players have distributional preferences. If players are sufficiently similar, distributional preferences create multiple equilibria. For the case of only mildly heterogeneous players, equilibrium effort can be lower as well as...

We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...

This paper contributes to resolving the puzzle that in practice most countries use ad valorem (corporate income) taxation, while a large part of the tax competition literature views business taxes as unit (wealth) taxation. We point to the dual role that corporate taxation plays in attracting...

First Principles -- Gains from Trade -- Markets and Institutions - Introduction -- Supply and Demand -- Normative Economics -- Externalities -- Decisions and Consumber Behavior -- Costs -- A Second Look -- Firm Behavior in Monopolistic Markets -- Principles of Game Theories -- Firm Behavior in...

Grundlagen -- Spezialisierung und Tausch -- Märkte und Institutionen - Einführung -- Angebot und Nachfrage bei Vollständigem Wettbewerb -- Normative Ökonomik -- Externalitäten -- Entscheidungstheorie und Konsumentenverhalten -- Entscheidungen unter Risiko und Unsicherheit -- Grundlagen der...