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Firms' optimism and pessimism
Bachmann, Ruediger; Elstner, Steffen - 2013
West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level … and combine them with production expectations over a quarterly horizon in the same survey to construct series of … and at most 34 percent of firms systematically over- or underpredict their one-quarter-ahead upcoming production. In a …
Persistent link: https://www.econbiz.de/10009724017
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The economics of investor protection : ISDS versus national treatment : presented at CESifo Area Conference on Global Economy, May 2015
Kohler, Wilhelm; Stähler, Frank - 2016 - Version of February 16, 2016
This paper scrutinizes the effects of investor-state dispute settlements (ISDS) and national treatment provisions in a two-period model where foreign investment is subject to domestic regulation and a holdup problem. It shows that ISDS can mitigate the holdup problem and increases aggregate...
Persistent link: https://www.econbiz.de/10011431559
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Public provision and local income tax competition
Kuhlmey, Florian; Hintermann, Beat - 2016
We extend the literature on local income tax competition by allowing for inter-jurisdictional spillovers and imperfect rivalry in consumption of a publicly provided good. Comparing decentralized second-best results of a theoretical model with an efficient benchmark, we identify three...
Persistent link: https://www.econbiz.de/10011436089
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A model of the card payment system and the interchange fee
De Grauwe, Paul; Rinaldi, Laura - 2002
We analyse a card payment system to assess the economic impact of the interchange fee. This fee is paid by the bank of the merchant, the acquirer, to the bank of the consumer, the issuer. We build up a mode in order to explore whether the interchange fee can enhance the participation to the...
Persistent link: https://www.econbiz.de/10011538993
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International migration, income taxes and transfers : a welfare analysis
Michael, Michael S. - 2002
An important issue in public policy debates is the effect of international migration on welfare in source and host countries. We address this issue by constructing a general equilibrium model of a two-class source or host country. Each country produces many traded and non-traded goods, uses...
Persistent link: https://www.econbiz.de/10011541114
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Unionized oligopoly, trade liberalization and location choice
Lommerud, Kjell Erik; Meland, Froede; Sørgard, Lars - 2002
In a two-country reciprocal dumping model, with one country unionized, we analyze how wage setting and firm location are influenced by trade liberalization. We show that trade liberalization can induce FDI, which is at odds with conventional theoretical wisdom and cannot happen in a...
Persistent link: https://www.econbiz.de/10011541138
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Locational competition and agglomeration : the role of government spending
Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2002
agenda. In contrast to the standard neo-classical reasoning, recent advances in the theory of trade and location have shown … government sector in a geographical economics model by analyzing government spending and government production. By changing the … relative size, direction or efficiency of the production of public goods, our simulation results show that governments can …
Persistent link: https://www.econbiz.de/10011541152
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The dynamic cost of the draft
Igel Lau, Morten; Poutvaara, Panu; Wagener, Andreas - 2002
We propose a dynamic general equilibrium model with human capital accumulation to evaluate the economic consequences of compulsory services (such as military draft or social services). Our analysis identifies a so far ignored dynamic cost arising from distortions in time allocation over the...
Persistent link: https://www.econbiz.de/10011541161
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When backward integration by a dominant firm improves welfare
Linnemer, Laurent - 2002
paid by the non-merging firms the merger thereby shifts production away from those relatively inefficient producers in …
Persistent link: https://www.econbiz.de/10011410253
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Preferential trade agreements and tax competition for foreign direct investment
Raff, Horst - 2002
effect is shown to depend on the relative size of efficiency gains in production and government revenue losses due to tax …
Persistent link: https://www.econbiz.de/10011410658