We investigate the potentials and limits of privacy-preserving blockchain technology for information provision. In our model, heterogeneous firms can adopt a privacy-preserving blockchain or rely on traditional institutions. The blockchain leverages its peer-to-peer architecture to disseminate...

Employment tax credit programs have been repeatedly used during economic crises, although their usefulness is empirically contestable. The objective of this paper is to quantify the tax effects of employment tax credit programs. A recent revision of the German inheritance tax law provides an...

Employment tax credit programs have been repeatedly used during economic crises, although their usefulness is empirically contestable. The objective of this paper is to quantify the tax effects of employment tax credit programs. A recent revision of the German inheritance tax law provides an...

The emergence of the African Peace and Security Architecture (APSA) is one of the most important recent developments in Africa. The institutional setting for fostering peace and security on the continent has been created by the efforts of African governments to engage in comprehensive...

This paper contributes to the recent debate on the tax privilege for business property introduced by the German Inheritance Tax Act of 2009. We shed light on the tax effects of the preferential treatment based on micro-level data of realized business transfers from the German Inheritance Tax...

This paper examines the impact of enforcement on managers' demand for mandatory disclosure. In the model, managers determine a disclosure rule by majority decision. The rule is binding for all firms and subject to a given enforcement system. In equilibrium, under moderate enforcement, the...