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, through a two-level Stackelberg game. This article first studies the asymmetry among the retailers in terms of the different …
Persistent link: https://www.econbiz.de/10012044521
This article studies how discussion issues emerge and argumentative discussions are initiated. Studying how discussions are initiated enables us to understand who is a legitimate instigator of a discussion issue and to what extent the freedom rule of argumentation is granted in a given context....
Persistent link: https://www.econbiz.de/10012048221
. (1998) also verified the asymmetry and nonlinearity in participation rates. During periods of economic expansion, they are …
Persistent link: https://www.econbiz.de/10011310261
The standard gravity model of aggregate migration erroneously assumes homogeneity, quasi-symmetry, and (log) linearity. As a result, estimation of the model using, say, the convenient OLS estimator is plagued by omitted-variables and misspecification biases. This paper, therefore, presents...
Persistent link: https://www.econbiz.de/10011332366
This paper applies the Hafner and Herwartz (2006) (hereafter HH) approach to the analysis of multivariate GARCH models using volatility impulse response analysis. The data set features ten years of daily returns series for the New York Stock Exchange Index and the FTSE 100 index from the London...
Persistent link: https://www.econbiz.de/10011403543
amount asymmetry. However, there is a faster reaction to upward changes in spot prices than to downward changes in spot … prices. This implies timing or pattern asymmetry. This asymmetry starts three days after the change in the spot price and …
Persistent link: https://www.econbiz.de/10010325233
This paper analyzes enhanced cooperation agreements in corporate taxation in a three country tax competition model where countries differ in size. We characterize equilibrium tax rates and the optimal tax responses due to the formation of an enhanced cooperation agreement. Conditions for...
Persistent link: https://www.econbiz.de/10010325641
This paper analytically derives the conditions under which the slope of the tax reaction function is negative in a classical tax competition model. If countries maximize welfare, we show that a negative slope (reflecting strategic substitutability) occurs under relatively mild conditions....
Persistent link: https://www.econbiz.de/10010326173