Over recent decades, countries around the world have introduced transfer pricing regulations to constrain tax-motivated strategic mis-pricing of intra-firm trade. While the literature has paid some attention to studying the effectiveness of the provisions in limiting mis-pricing behavior, work...

Countries around the world have, over recent years, introduced transfer pricing regulations to constrain multinational profit shifting from high-tax to lower-tax affiliates through strategic mis-pricing of intra-firm trade. In this paper, we rely on rich administrative firm-level trade data for...

The uncontrolled centralization of competences on the European level is problematic insofar as it does not correspond to the citizens' preferences. Constitutional constraints can prove essential for the freedom and the welfare of EU citizens. Existing constraints like the subsidiarity principle,...

The purpose of this paper is to assess if parents exert an influence on the occupation choices of their children. Using data from the German Socioeconomic Panel (SOEP), we find a high persistency of occupational decisions across fathers and children using nested and conditional logit models. To...

The purpose of this paper is to assess intergenerational occupational mobility in Germany. Using data from the Socioeconomic Panel (SOEP), we find a high persistence of occupational choices across fathers and children. To separate effects related to parental advice and influence (nurture) from...

type="main" <p>Using data on European firms, this paper provides evidence that an overproportional fraction of multinational group profits accrues with the corporate headquarters. Quantitatively, the estimates suggest that headquarters are by around 25% more profitable than their foreign...</p>

Recent years have seen an unprecedented increase in the provision of R&D tax incentives. A growing empirical literature suggests that R&D tax incentives are instrumental in raising domestic R&D activity. In policy debates this fi nding is often interpreted to lend support to the notion that R&D...

In his „Anarchy, State, and Utopia“, Robert Nozick tried to justify a minimal state. While his theory is based on economic concepts, economists have as yet paid little attention to it. The use of economics is demonstrated by a reconstruction of Nozick’s arguments in the first part of...