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Bunching and Non-Bunching at Kink Points of the Swedish Tax Schedule

Bastani, Spencer; Selin, Håkan - CESifo - 2012

estimate the taxable income elasticity at a very large kink point of the Swedish tax schedule using the bunching method. During … bunching estimator by performing Monte Carlo simulations. …

Persistent link: https://www.econbiz.de/10010555700

Manufacturers Mergers and Product Variety in Vertically Related Markets

Milliou, Chrysovalantou; Sandonis, Joel - CESifo - 2014

We study final product manufacturers’ incentives to introduce new products into the market and how they are affected by a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a manufacturers merger, although it leads to an increase in...

Persistent link: https://www.econbiz.de/10010886105

Behavioral Economics as Applied to Firms: A Primer

Armstrong, Mark; Huck, Steffen - CESifo - 2010

We discuss the literatures on behavioral economics, bounded rationality and experimental economics as they apply to firm behaviour in markets. Topics discussed include the impact of imitative and satisficing behavior by firms, outcomes when managers care about their position relative to peers,...

Persistent link: https://www.econbiz.de/10008572583

International Antitrust Enforcement and Multi-Market Contact

Choi, Jay Pil; Gerlach, Heiko - CESifo - 2009

antitrust authorities in each market. We are concerned with how the sustainability of collusion in one local market is affected … by the existence of collusion in other markets when they are linked by demand relationships. The interdependence of … collusion sustainability across markets leads to potential externalities in antitrust enforcement across jurisdictions. As a …

Persistent link: https://www.econbiz.de/10005051554

Core-stable Rings in Auctions with Independent Private Values

Biran, Omer; Forges, Francoise - CESifo - 2010

characteristic function, derived from the partition form game, is not empty. As an application, we study collusion in auctions in …

Persistent link: https://www.econbiz.de/10008583724

Generalized Stochastic Gradient Learning

Evans, George W.; Honkapohja, Seppo; Williams, Noah - CESifo - 2005

We study the properties of generalized stochastic gradient (GSG) learning in forward-looking models. We examine how the conditions for stability of standard stochastic gradient (SG) learning both differ from and are related to E-stability, which governs stability under least squares learning. SG...

Persistent link: https://www.econbiz.de/10005406017

Matching and Saving in Continuous Time: Proofs

Bayer, Christian; Wälde, Klaus - CESifo - 2010

This paper provides the proofs to the analysis of a continuous time matching model with saving in Bayer and Wälde (2010a). The paper proves the results on consumption growth, provides an existence proof for optimal consumption and a detailed derivation of the Fokker-Planck equations.

Persistent link: https://www.econbiz.de/10009019145

Stakeholder Governance, Competition and Firm Value

Allen, Franklin; Carletti, Elena; Marquez, Robert - CESifo - 2014

In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to shareholder-oriented firms in a model of imperfect competition....

Persistent link: https://www.econbiz.de/10010747218

Complexity, Efficiency, and Fairness of Multi-Product Monopoly Pricing

Miravete, Eugenio J.; Seim, Katja; Thurk, Jeff - CESifo - 2014

The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits and is mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to assess the implications...

Persistent link: https://www.econbiz.de/10010752157

State Ownership and Control in the Czech Republic

Kocenda, Evžen; Hanousek, Jan - CESifo - 2009

We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (1995–2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully...

Persistent link: https://www.econbiz.de/10008533985