Abstract: I derive an optimal benefit-based corporate tax rate formula as a function of the public input elasticity of profits and the (net of) tax elasticity of profits. I argue that the existence of the corporate income tax should be ...
Abstract: This paper investigates the determinants of ownership changes of drug candidates in one of the most important current pharma markets —the market for diabetes. We in particular look at how do the competitive circumstances, ...
This study investigates the payout policy of state-owned municipal firms. Based on insights from agency theory we derive an empirically testable model based on Lintner's corporate dividend policy model accounting for the characteristics of state ...
Abstract: Antitrust authorities try to detect and sanction existing cartels and hinder the formation of new ones. Firms nevertheless try to collude while avoiding sanctions, for example by colluding tacitly instead of explicitly forming a cartel. In ...
Abstract: We examine experimentally the impact of corporate social responsibility techniques on individuals’ performance and willingness to compete. Our baseline treatment adopts the Niederle-Vesterlund (2007) paradigm whereby individuals ...
(joint with André Stenzel and Peter Schmidt) We consider dynamic price-setting in the presence of rating systems and asymmetric information about product quality. We provide a framework in which the price charged determines the ...
Ein wesentliches Ziel der EU ist die Annäherung von Wohlstand und wirtschaftlicher Entwicklung zwischen seinen Mitgliedstaaten. Seit 2010 läuft aber vor allem in der Euro-Zone die Entwicklung zwischen der südlichen Peripherie und den übrigen Ländern auseinander. Dabei mangelt es in den südlichen Ländern weder an Kapital noch an innovativen Ideen. Vielmehr ...
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