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 ...
Many industries are seeing an increase in concentration, leading to a discussion on the effectiveness of horizontal merger enforcement. The policy debate shows that one of the key arguments put forward when supporting potential mergers is the ...
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 ...
This workshop brings together high profile junior researchers from leading universities in Europe and the US, who present recent work on the nexus of firms and productivity in developing economies. The workshop is jointly organized by researchers ...
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 ...
European banking landscape between diversity, competition and concentration The new issue of the Vierteljahrshefte zur Wirtschaftsforschung 4/2018 (Quarterly Journal of Economic Research) on European banking landscape between diversity, competition and concentration is now available. Causes and consequences of institutional diversity are a largely neglected issue in economics. Only 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 ...
The project examines the transmission channels between public investment and private investment activity in Germany, estimating the aggregate relationship with econometric models, focusing on the specific effects of individual investment categories ...
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