Showing 1 - 10 of 16
Persistent link: https://www.econbiz.de/10011294655
Persistent link: https://www.econbiz.de/10003858497
reputation for skill acquisition and labor market outcomes in an otherwise competitive market. We find that reputation effects …) that arises when schools can enhance their reputation by positively selecting their students. This leads to excess demand … measure of ability dispersion in a school, leading to lower skill acquisition. -- education ; reputation ; competition ; labor …
Persistent link: https://www.econbiz.de/10009581269
Persistent link: https://www.econbiz.de/10003364208
increasing the quality of law. -- contract ; law and economics ; reputation ; repeated games ; incomplete contracts …
Persistent link: https://www.econbiz.de/10003278957
Persistent link: https://www.econbiz.de/10003395747
Persistent link: https://www.econbiz.de/10003395753
Persistent link: https://www.econbiz.de/10000988991
A simple counterexample shows the the widely used WACC approach to value leverage firms developed by Miles and Ezzell can create an arbitrage opportunity. The only consequence to be drawn is that their WACC approach cannot be applied under the circumstances assumed by Miles and Ezzell.
Persistent link: https://www.econbiz.de/10011526007
We extend the WACC approach to a tax system having a firm income tax and a personal income tax of the investor as well. We use an artificial tax system incorporating most of the G-7 national tax codes as for example the classical or the imputation systems.
Persistent link: https://www.econbiz.de/10011526011