Following recent court rulings, cross-border loss compensation for multinational firms will likely be introduced, at … cross-border loss compensation is likely to intensify tax competition when, following current international practice, the … parent firm's home country bases the tax rebate for a loss-making subsidiary on its own tax rate. In equilibrium, tax revenue …

This paper analyzes the impact of particular loss offset limitations on intrastate and crossborder investment decisions … investment incentives of tax law asymmetries. Integrating an initial loss carryforward at the time of investment creates a … special decision situation. Varying loss offset parameters typically induces ambiguous effects that depend on the combination …

What is the appropriate lump-sum compensation for loss of work income in personal injury cases? Since generally future … work income is not known with certainty, compensation for its loss must be based on statistical considerations. Typically … economic theory to address this issue. We find that the relation between the appropriate compensation and the mean and median …

-border loss offset inherent to formula apportionment. In the medium run, in which only firms can adjust their strategies, tax …, contrary to output factors, input factors provide an insurance against tax revenue shortfalls due to loss-making affiliates. …

In U.S. data 1981-2012, unsecured firm credit moves procyclically and tends to lead GDP, while secured firm credit is … acyclical; similarly, shocks to unsecured firm credit explain a far larger fraction of output fluctuations than shocks to … secured credit. In this paper we develop a tractable dynamic general equilibrium model in which unsecured firm credit arises …

. However, theory does not tell us a lot about the economic rationale for relationship lending in the context of multiple bank …