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Investment effects of wealth taxes under uncertainty and irreversibility
Niemann, Rainer; Sureth-Sloane, Caren - 2015
The growing dissatisfaction with perceived distributional inequality and budgetary constraints gave rise to a discussion on the (re-)introduction of wealth taxes. Wealth taxes are typically levied on private wealth, in some countries also on corporate wealth. To avoid misleading statements...
Persistent link: https://www.econbiz.de/10011341405
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Does capital tax uncertainty delay irreversible risky investment?
Niemann, Rainer; Sureth, Caren - 2016
Tax uncertainty is often claimed to be harmful for investments. Capital taxes, such as property and wealth taxes, are particularly exposed to tax uncertainty. Capital tax un- certainty emerges from expected tax reforms, the unclear outcome of future tax audits, and simplified estimates of...
Persistent link: https://www.econbiz.de/10011516861
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Does capital tax uncertainty delay irreversible risky investment?
Niemann, Rainer; Sureth, Caren - 2016
Tax uncertainty is often claimed to be harmful for investments. Capital taxes, such as property and wealth taxes, are particularly exposed to tax uncertainty. Capital tax uncertainty emerges from expected tax reforms, the unclear outcome of future tax audits, and simplified estimates of capital...
Persistent link: https://www.econbiz.de/10011521960
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Does capital tax uncertainty delay irreversible risky investment?
Niemann, Rainer; Sureth, Caren - 2016
Tax uncertainty is often claimed to be harmful for investments. Capital taxes, such as property and wealth taxes, are particularly exposed to tax uncertainty. Capital tax uncertainty emerges from expected tax reforms, the unclear outcome of future tax audits, and simplified estimates of capital...
Persistent link: https://www.econbiz.de/10011557878
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Investment effects of wealth taxes under uncertainty and irreversibility
Niemann, Rainer; Sureth, Caren - 2015
The growing dissatisfaction with perceived distributional inequality and budgetary constraints gave rise to a discussion on the (re-)introduction of wealth taxes. Wealth taxes are typically levied on private wealth, in some countries also on corporate wealth. To avoid misleading statements...
Persistent link: https://www.econbiz.de/10011387385
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Review of system dynamics models for electricity market simulations
Teufel, Felix; Miller, Michael; Genoese, Massimo; … - 2013
This paper provides a review on modeling electricity markets with System Dynamics (SD) focusing on deregulated electricity market models. First the SD method is classified within the wide field of electricity market modeling. Then all distinctive properties of the SD method in this context are...
Persistent link: https://www.econbiz.de/10011833345
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Asset pricing in incomplete markets : valuing gas storage capacity
Zhao, Lin; Wijnbergen, Sweder van - 2015
common belief, the auction prices for gas storage are mostly affected by the volatility of current market prices rather than … with the volatility of the spot market. This is an intuitive result because storage capacity can serve as an effective …
Persistent link: https://www.econbiz.de/10011333083
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Explosive oil prices
Gronwald, Marc - 2013
This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...
Persistent link: https://www.econbiz.de/10009786017
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Decision making in incomplete markets with ambiguity : a case study of a gas field acquisition
Zhao, Lin; Wijnbergen, Sweder van - 2014
. First, empirical data are often characterized by time-varying volatility and fat tails; therefore we use Gaussian GAS …
Persistent link: https://www.econbiz.de/10010465169
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Comparative statics for real options on oil : what stylized facts to use?
Lund, Diderik; Nymoen, Ragnar - 2013 - This version, May 27, 2013
volatility need not be increased value and postponed investment. This depends on signs of correlations and what parameters are … market is nonpositive and not invariant to changes in volatility. For crude oil during 1993-2008, these changes are … identified as three significant breaks. -- real options ; oil ; volatility ; CAPM ; comparative statics …
Persistent link: https://www.econbiz.de/10009746544