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The paper sets up an analytical framework within which the arguments for centralized vs. decentralized tax policy can be represented and weighed against each other. Two aspects of the debate are considered: first, the global welfare effects of 'harmonizing' tax reforms are discussed when...
Persistent link: https://www.econbiz.de/10010398224
The optimum behavior of a competitive risk-averse international trader who supplies or demands commodities invoiced in foreign currency is examined when his profits are subject to several forms of risk: production, domestic cost, the exchange rate and the commodity price. The focus of our study...
Persistent link: https://www.econbiz.de/10010398225
Zentrales Erklärungsobjekt der Forschung zur Theorie der Firma im strategischen Management ist die Firma. Das … strategische Management kennt nicht die eine Theorie der Firma. Hinter dem gemeinsamen Forschungsziel der Erklärung der Firma steht …-nomologischen Erklärungsschema hat der Pluralismus in der Theorie der Firma seine Ursache in der Verschiedenheit der zu erklärenden Ereignisse …
Persistent link: https://www.econbiz.de/10010398453
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …
Persistent link: https://www.econbiz.de/10010398564
This research examines variations in the diffusion of agriculture across countries and archaeological sites. The theory …
Persistent link: https://www.econbiz.de/10010420257
This paper analyzes a model in which creative activity and the security of intellectual property rights are jointly determined, both depending on the choices made by potentially creative people either to engage in creative activity or to be pirates of the ideas created by others and on the...
Persistent link: https://www.econbiz.de/10010420281
We investigate the implications of Network Neutrality regulation for Internet fragmentation. We model a two-sided market, where Content Providers (CPs) and consumers interact through Internet Service Providers (ISPs) and CPs sell consumers' attention to advertisers. Under Network Neutrality, CPs...
Persistent link: https://www.econbiz.de/10010420580
The purpose of the paper is to discuss ten things potential users should know about the limits of the Dynamic Conditional Correlation (DCC) representation for estimating and forecasting time-varying conditional correlations. The reasons given for caution about the use of DCC include the...
Persistent link: https://www.econbiz.de/10010421297
the development of path-dependence theory and a better understanding of decision-making behavior under conditions of …
Persistent link: https://www.econbiz.de/10010421337
Component commonality - the use of the same version of a component across multiple products - is being increasingly considered as a promising way to offer high external variety while retaining low internal variety in operations. However, increasing commonality has both positive and negative cost...
Persistent link: https://www.econbiz.de/10010421338