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Endogenous Timing and Income Inequality in the Voluntary Provision of Public Goods: Theory and Experiment

Itaya, Jun-ichi; Mizushima, Atsue; Kurosaka, Kengo - 2018

This paper investigates how the heterogenous incomes and preferences of potential donors affect the timing of contribution decisions when it is endogenously determined by contributors themselves. More specifically, we use a simple setting with two donors, Cobb-Douglas preferences, and complete...

Persistent link: https://www.econbiz.de/10012018132

Optimal Timing in Rotten Kid Families

Faria, João Ricardo; Silva, Emilson C.D. - 2017

In a family context with endogenous timing, multiple public goods and alternative parental instruments, we show that the optimal timing for the sequential-action game played by rotten kids and a parent depends crucially on whether the kids are homogeneous or heterogeneous. For homogeneous kids,...

Persistent link: https://www.econbiz.de/10011615888

Voting on thresholds for public goods: experimental evidence

Rauchdobler, Julian; Sausgruber, Rupert; Tyran, Jean-Robert - 2009

Introducing a threshold in the sense of a minimal project size transforms a public goods game with an inefficient … thresholds are ineffective at best and often counter-productive. This holds under a range of threshold levels and refund rates …. We test if thresholds perform better if they are endogenously chosen, i.e. if a threshold is approved in a referendum …

Persistent link: https://www.econbiz.de/10010265971

Is Western European Agriculture Resilient to High Temperatures?

Massetti, Emanuele; Van Passel, Steven; Apablaza, Camila - 2018

threshold effects. Results indicate that there are no temperature thresholds beyond which agricultural land values suddenly drop …

Persistent link: https://www.econbiz.de/10011932036

On Corporate Tax Asymmetries and Neutrality

Panteghini, Paolo - 2000

This article discusses the effects of corporate tax asymmetries under investment irreversibility. We introduce a tax …

Persistent link: https://www.econbiz.de/10010314973

Optimal Investment Strategies under Demand and Tax Policy Uncertainty

Boehm, Hjalmar; Funke, Michael - 2000

In this paper we offer an analysis of the effects of uncertainty about future tax policy on irreversible investment. The main message of the paper is that investment is not much affected by the degreee of tax policy uncertainty. This is true regardless of whether random tax changes are...

Persistent link: https://www.econbiz.de/10010314999

Does the Nominal Exchange Rate Regime Matter for Investment?

Böhm, Hjalmar; Funke, Michael - 2001

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate regimes (very hard pegs, intermediate regimes, and floats) by means of a unified approach. The comparison of different exchange rate regimes indicates that currency volatility...

Persistent link: https://www.econbiz.de/10010315163

Competing for Foreign Direct Investments: A Real Options Approach

Panteghini, Paolo; Schjelderup, Guttorm - 2003

This paper uses the Bad News Principle to study how the ability of multinationals to shift profits by transfer pricing affects both the timing of foreign direct investment decisions and government tax policy. A main finding of the paper is that if countries compete to attract foreign direct...

Persistent link: https://www.econbiz.de/10010315782

Tax Competition, Investment Irreversibility and the Provision of Public Goods

Moretto, Michele; Panteghini, Paolo; Vergalli, Sergio - 2013

irreversibility of investment. As will be shown, the provision of public goods changes over time and also depends on the business …

Persistent link: https://www.econbiz.de/10010317011

The irreversibility premium

Chirinko, Robert S.; Schaller, Huntley - 2008

we label the irreversibility premium. Estimates are based on panel data for the period 1980-2001. The large dataset …-wide shocks on the irreversibility premium. Our estimates provide a readily interpretable measure of the importance of … irreversibility and document that the irreversibility premium is both economically and statistically significant. …

Persistent link: https://www.econbiz.de/10010264335