This paper argues that profit-shifting activities exist for multi-jurisdictional enterprises (MJEs) under a tax system of consolidation and formula apportionment (FA). A theoretical model discusses how a MJE can exploit strategically its impact on the definition of the consolidated group. The...

This paper argues that profit-shifting activities of multi-jurisdictional enterprises (MJE) are maintained under a tax system of consolidation and formula apportionment (FA). A theoretical model discusses how an MJE can exploit its impact on the definition of the consolidated group...

We consider a differential game of a conflict between two factions who both have a desire to exact revenge. We show that, in contrast to conventional wisdom, the desire for revenge need not lead to escalation of conflicts. Surprisingly, in the open-loop equilibrium, the weaker faction exerts a...

Mit Hilfe eines parametrischen Modells werden unter der Annahme einer endogenen Qualitaet und einer monopolistischen Marktstruktur verschiedene Allokationsmechanismen oeffentlicher Gueter fuer den Spezialfall eines Rundfunkprogramms analysiert. Dabei zeigt sich die Ueberlegenheit eines...

The authors consider a two-period game of conflict between two factions, which have a desire for revenge. It is shown that, in contrast to conventional wisdom, the desire for revenge need not lead to escalation of the conflict. The subgame-perfect equilibrium is characterized by two effects: a...

This paper provides a contest model of a professional team sports league and analyzes the impact of a restriction on foreign players. It shows that a league with binding restrictions on foreign talent for all clubs is more balanced than a league without binding restrictions on foreign talent....