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What factors determine the number of trading partners?
Matsushima, Noriaki; Shinohara, Ryusuke - In: Journal of economic behavior & organization : JEBO 106 (2014), pp. 428-441
Persistent link: https://www.econbiz.de/10010500978
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War as an Investment
Chadefaux, Thomas - 2013
States often bargain over objects that affect their future bargaining power. A large territory, for example, is not only valuable in itself, but also as a source of raw material, population and defense. As a result, states not only try to maximize their benefits when they negotiate over the...
Persistent link: https://www.econbiz.de/10014162111
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A Manufacturer's Incentive to Open its Direct Channel and its Impact on Welfare
Matsushima, Noriaki - 2018
We consider a bilateral monopoly in which a manufacturer can open its direct channel that is less efficient than the existing retailer. We find the following results. The manufacturer opens its direct channel if its bargaining power over the existing retailer is weak. Opening the direct channel...
Persistent link: https://www.econbiz.de/10012923327
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Profit shifting and investment effects : the implications of zero-taxable profits
Köthenbürger, Marko; Mardan, Mohammed; Stimmelmayr, … - 2018
-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … investment incentives and transfer pricing induces inefficiently low taxes. …
Persistent link: https://www.econbiz.de/10011794726
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The Investment Manifesto
Lin, Xiaoji - 2012
investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …
Persistent link: https://www.econbiz.de/10013096092
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The Real Effects of Foreign Investment : Productivity and Growth
Petkova, Neviana - 2012
This paper studies the direct effect of foreign investment on target firm operating performance and growth. Foreign … investment into foreign direct investment and foreign institutional investment reveals that the results are attributable to … institutional investment. The effect is attenuated under weak corporate governance conditions, with foreign investment in business …
Persistent link: https://www.econbiz.de/10013096648
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Profit Shifting and Investment Effects : The Implications of Zero-Taxable Profits
Koethenbuerger, Marko - 2018
-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … investment incentives and transfer pricing induces inefficiently low taxes …
Persistent link: https://www.econbiz.de/10012921411
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Investing in Misallocation
Kilic, Mete; Tuzel, Selale - 2023
We document that 20% of Compustat firms have above-median investment rates despite having below-median marginal product … features of the cross-section of firms and allows for counterfactual analysis. Hypothetical firm investment policies that … ignore the potential for future jumps reduce MPK and investment dispersion but also lower aggregate productivity …
Persistent link: https://www.econbiz.de/10014354150
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The Investment Manifesto
Lin, Xiaoji - 2012
investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …
Persistent link: https://www.econbiz.de/10013110170