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Prevention of competition by competition law: Evidence from unbundling regulation on fiber-optic networks in Japan

Minamihashi, Naoaki - 2011

unbundling regulations on new optical-fiber lines. I find that unbundling regulation prevents new providers from building optical … particular, when a new technology is introduced, unbundling regulation has an oligopolization effect on the regulated firms. This … finding in the Japanese telecommunications industry suggests that unbundling regulation during periods of new technology …

Persistent link: https://www.econbiz.de/10010332517

Regulation and Investment in Network Industries: Evidence from European Telecoms

Grajek, Michał; Röller, Lars-Hendrik - 2009

We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20 countries over 10 years. Our econometric model accommodates: different investment incentives for...

Persistent link: https://www.econbiz.de/10010352072

Regional effects of federal tax shocks

Hayo, Bernd; Uhl, Matthias - 2012

This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...

Persistent link: https://www.econbiz.de/10010294366

Are bank holding companies a source of strength to their banking subsidiaries?

Ashcraft, Adam B. - 2004

I present evidence that the cross-guarantee authority granted to the FDIC by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 has unexpectedly strengthened the Federal Reserve's source-of-strength doctrine. In particular, I find that a bank affiliated with a multi-bank...

Persistent link: https://www.econbiz.de/10010283388

New evidence on the lending channel

Ashcraft, Adam B. - 2001

Do banks play a special role in the transmission mechanism of monetary policy? I use the presence of internal capital markets in bank holding companies to isolate plausibly exogenous variation in the financial constraints faced by subsidiary banks. In particular, I demonstrate that affiliated...

Persistent link: https://www.econbiz.de/10010283441

The Effective Tax Burden of Companies and on Highly Skilled Manpower: Tax Policy Strategies in a Globalized Economy

Elschner, Christina; Lammersen, Lothar; Overesch, Michael; … - 2005

Company taxes and taxes on highly skilled labour both influence the attractiveness of a particular region as a location for investment. We measure the effective tax burden on capital investment and on highly qualified labour in 33 locations across Europe and the United States. We then correlate...

Persistent link: https://www.econbiz.de/10010297438

Taxation and unemployment: an applied general equilibrium approach for Germany

Boeters, Stefan; Böhringer, Christoph; Feil, Michael - 2002

This paper presents an applied general equilibrium model for Germany. The model integrates specific labour market institutions in an otherwise standard general equilibrium framework. There are sectoral wage negotiations for two skill types of workers between firms and trade unions. The...

Persistent link: https://www.econbiz.de/10010298083

Partisanship and taxation: An exploratory study of crisis responses

Lierse, Hanna - 2012

With the outbreak of the financial crisis in 2008, European governments extensively intervened to avert a severe economic recession. Taxation is a crucial instrument to achieve such economic objectives, but it also represents a redistributive tool in democratic societies. Generally, left-wing...

Persistent link: https://www.econbiz.de/10010307861

Endogenous selection of comparison groups, human capital formation, and tax policy

Stark, Oded; Hyll, Walter; Wang, Yong - 2011

This paper considers a setting in which the acquisition of human capital entails a change of location in social space that causes individuals to revise their comparison groups. Skill levels are viewed as occupational groups, and moving up the skill ladder by acquiring additional human capital,...

Persistent link: https://www.econbiz.de/10010323667

Neue Entwicklungstendenzen der deutschen Steuerpolitik

Homburg, Stefan - In: Die Steuerberatung 51 (2008) 1, pp. 9-15

The article outlines recent developments of German tax policy.

Persistent link: https://www.econbiz.de/10010343293

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