Showing 1 - 10 of 106
goals. The classical ones are entry prices and free entry. The museum club solution or exit donations allow for various … additional goals. Each scheme has clear advantages and disadvantages. We propose an innovative pricing instrument: Exit prices …
Persistent link: https://www.econbiz.de/10008572533
In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm’s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm’s start-up decision relative to a pure price...
Persistent link: https://www.econbiz.de/10005405789
-period setting where the market displays a competitive and a sheltered segment. A ban on “higher-prices …-to-sheltered-consumers” decreases prices in the sheltered segment, relaxes competition in the competitive segment, increases the rival’s profits, and … may harm the dominant firm’s profits. We show that a ban on “higher-prices-to-sheltered-consumers” increases the dominant …
Persistent link: https://www.econbiz.de/10005406170
with labor market regulation, are the driving forces of the shadow economy. Furthermore, the results show that the shadow …
Persistent link: https://www.econbiz.de/10005406249
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a cross-section of 120 countries and...
Persistent link: https://www.econbiz.de/10005406312
This paper addresses the issue of how regulatory constraints affect firm’s investment choices when the firm has an option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits go beyond a given level. It is shown that a pure...
Persistent link: https://www.econbiz.de/10005406402
The analysis of economic loss attributed to the shadow economy has attracted much attention in recent years by both academics and policy makers. Often, multiple indicators multiple causes (MIMIC) models are applied to time series data estimating the size and development of the shadow economy for...
Persistent link: https://www.econbiz.de/10005406427
The paper aims at empirically investigating the relationship between regulation and the capital structure of the …
Persistent link: https://www.econbiz.de/10004979410
Small and medium enterprises (SMEs) are important for employment and economic activity; however, they are perceived to lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to foster SME lending and attention has focused on...
Persistent link: https://www.econbiz.de/10004979421
country significantly attracts FDI. What is important for these pollution haven effects is not only regulation but also …
Persistent link: https://www.econbiz.de/10011264743