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Evidence Production in Merger Control: The Role of Remedies

Dertwinkel-Kalt, Markus; Wey, Christian - 2021

We analyze evidence production in merger control as a delegation problem in an inquisitorial competition policy system. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its action set. Allowing for a compromising remedy solution...

Persistent link: https://www.econbiz.de/10012581978

The effects of taxation on the location decision of multinational firms: M&A vs. Greenfield investments

Hebous, Shafik; Ruf, Martin; Weichenrieder, Alfons J. - 2010

In this study, we estimate the impacts of differences in international tax rates on the probability of choosing a location for an affiliate of a multinational firm. In particular, we distinguish between the tax sensitivity of Greenfield and M&A investments. Based on a novel firm-level dataset on...

Persistent link: https://www.econbiz.de/10010277219

Taxing Away M&A: The Effect of Corporate Capital Gains Taxes on Acquisition Activity

Feld, Lars P.; Ruf, Martin; Schreiber, Ulrich; … - 2016

Taxing capital gains is an important obstacle to the efficient allocation of resources because it imposes a transaction cost on the vendor which locks in appreciated assets by raising the vendor’s reservation price in prospective transactions. For M&As, this effect has been intensively studied...

Persistent link: https://www.econbiz.de/10011431273

International Taxation and Productivity Effects of M&As

Todtenhaupt, Maximilian; Voget, Johannes - 2021

We investigate how changes in firm productivity after M&As are affected by differences in profit taxation between the target and the acquirer. We argue that tax differentials distort the efficient allocation of productive factors following an M&A and thus inhibit the realization of productivity...

Persistent link: https://www.econbiz.de/10012582030

On the Elasticity of Substitution between Labor and ICT and IP Capital and Traditional Capital

Jerbashian, Vahagn - 2022

KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual … types of capital and allow for differences in the elasticities of substitution between labor, an aggregate of ICT and IP … capital, and traditional capital. The estimated elasticities of substitution between ICT and IP capital are strictly below one …

Persistent link: https://www.econbiz.de/10013470248

Insuring Peace: Index-Based Livestock Insurance, Droughts, and Conflict

Gehring, Kai; Schaudt, Paul - 2023

We provide novel evidence of how an innovative market-based solution using remote-sensing technology can mitigate conflict. Droughts are a major driver of conflict in Africa, particularly between nomadic pastoralists and sedentary farmers, and climate change is predicted to intensify this...

Persistent link: https://www.econbiz.de/10014377398

Techies and Firm Level Productivity

Harrigan, James; Reshef, Ariell; Toubal, Farid - 2023

effect goes beyond the employment of R&D workers, extending to ICT and other techies. In non-manufacturing firms, the impact … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …

Persistent link: https://www.econbiz.de/10014377443

Do Boys and Girls Use Computers Differently, and Does it Contribute to why Boys Do Worse in School than Girls?

Fairlie, Robert W. - 2015

Boys are doing worse in school than are girls, which has been dubbed “the Boy Crisis.” An analysis of the latest data on educational outcomes among boys and girls reveals extensive disparities in grades, reading and writing test scores, and other measurable educational outcomes, and these...

Persistent link: https://www.econbiz.de/10011388170

Telecommunication Submarine-Cable Deployment and the Digital Divide in Sub-Saharan Africa

Cariolle, Joël - 2018

The recent deployment of fibre-optic submarine cables (SMCs) in sub-Saharan Africa (SSA) raised the prospects for the digital economy expansion and the whole sub-continent take-off, but also exposed countries and populations to new sources of vulnerability. This paper provides empirical evidence...

Persistent link: https://www.econbiz.de/10012018106

Capital Composition and the Declining Labor Share

Eden, Maya; Gaggl, Paul - 2019

capital, ascribes a prominent role to the automation hypothesis. Though information and communications (ICT) capital is a … few decades. A framework that distinguishes between ICT and non-ICT capital is empirically plausible and suggests that …

Persistent link: https://www.econbiz.de/10012179795