Showing 241 - 250 of 250
The paper shows that a comparison of the appropriately-weighted sum of households’ marginal willingness to pay for a public good with the net effect of the increased supply of the public good on shadow, as distinct from actual, government revenue is a generally valid rule for public good...
Persistent link: https://www.econbiz.de/10005196234
The paper argues that the weakest link principle, which has been widely used as a measure of ultimate owners’ control rights, has a number of serious problems. A theoretically more satisfactory method of measuring control rights, based on voting power indices, is proposed, and the different...
Persistent link: https://www.econbiz.de/10005196258
Persistent link: https://www.econbiz.de/10005509357
Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The...
Persistent link: https://www.econbiz.de/10005406388
The paper analyses the gains from trade in distortionary tax revenue between countries, focussing on the case where lump-sum reveue transfers are restricted. In this case, trade taxes can be used to transfer government revenue between countries, and such taxes will typically be used in...
Persistent link: https://www.econbiz.de/10005406454
This paper shows that Tabellini’s recent claim to have provided evidence that culture has a causal effect on economic development is unjustified. Tabellini’s claim is based on an instrumental variables analysis in which two instruments are used to identify the supposed causal effect. One of...
Persistent link: https://www.econbiz.de/10010595383
Persistent link: https://www.econbiz.de/10005391126
Persistent link: https://www.econbiz.de/10005569564
Persistent link: https://www.econbiz.de/10004722881
Persistent link: https://www.econbiz.de/10009874086