Escape clauses, where small firms are exempt from particular tax rules, is a crucial feature of a number of corporate … the impact of thin capitalization rules, which commonly feature such escape clauses, by exploiting the introduction of …-group reallocation of debt to avoid exposure to the rules through escape clauses. We observe sharp bunching among both new and existing …

Escape clauses, where small firms are exempt from particular tax rules, is a crucial feature of a number of corporate … the impact of thin capitalization rules, which commonly feature such escape clauses, by exploiting the introduction of …-group reallocation of debt to avoid exposure to the rules through escape clauses. We observe sharp bunching among both new and existing …

Escape clauses, where small firms are exempt from particular tax rules, is a crucial feature of a number of corporate … the impact of thin capitalization rules, which commonly feature such escape clauses across the world, by exploiting the … which thin capitalization rules affect the real economy due to the presence of escape clauses. …

Escape clauses, where small firms are exempt from particular tax rules, is a crucial feature of a number of corporate … the impact of thin capitalization rules, which commonly feature such escape clauses across the world, by exploiting the … which thin capitalization rules affect the real economy due to the presence of escape clauses. …

We study mechanism design under endogenously incomplete commitment as it arises in contracting with escape clauses. An … can offer an ex-post contract. Escape clauses are valuable when the maximal number of initial contracts is smaller than … the number of agent types. We identify a sufficient condition for incentive optimality of ex-post contracting. Escape …

We study mechanism design under endogenously incomplete commitment as it arises in contracting with escape clauses. An … can offer an ex-post contract. Escape clauses are valuable when the maximal number of initial contracts is smaller than … the number of agent types. We identify a sufficient condition for incentive optimality of ex-post contracting. Escape …