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This paper proposes a tractable model of a dynamic contest where players have private information about the contest's prize. We show that private information helps to encourage players who have fallen behind, leading to an increase in aggregate incentives. We derive the optimal information...
Persistent link: https://www.econbiz.de/10012318681
stylized facts by setting up a simple two-country model of tax competition with heterogenous firms. In this model a unique … simultaneous expansion of both markets intensifies tax competition and causes both countries to reduce their tax rates, despite …
Persistent link: https://www.econbiz.de/10003951788
This paper investigates the effect of adverse selection on the private annuity market in a model with two periods of retirement and two types of individuals, who differ in their life expectancy. In order to introduce the existence of limited-time pension insurance, we consider a model where for...
Persistent link: https://www.econbiz.de/10009750235
This paper investigates the effect of adverse selection on the private annuity market in a model with two periods of retirement. In order to introduce the existence of limited-time pension insurance, we assume that for each period of retirement separate contracts can be purchased. Demand for the...
Persistent link: https://www.econbiz.de/10011541030
This paper investigates the effect of adverse selection and price competition on the private annuity market in a model …
Persistent link: https://www.econbiz.de/10009750561
This paper analyzes asymmetric tax competition under formula apportionment. It sets up a model with multinationals … taxation ; formula apportionment ; asymmetric tax competition …
Persistent link: https://www.econbiz.de/10003906581
stylized facts by setting up a simple two-country model of tax competition with heterogeneous firms. In this model a unique … simultaneous expansion of both markets intensifies tax competition and causes both countries to reduce their tax rates, despite … higher corporate tax bases. -- tax competition ; heterogeneous firms ; imperfect competition …
Persistent link: https://www.econbiz.de/10003922628
competition. To that end, we model tax and infrastructure competition within a differential game framework between two unequally … institutional capacity in the provision of public goods. The model shows that the long-term outcome of international competition …. -- Tax/Infrastructure competition ; Open-loop/Markovian strategies ; Differential games …
Persistent link: https://www.econbiz.de/10009500771
, especially the wage formation process, influence the outcome of interjurisdictional tax competition and coordination. In …
Persistent link: https://www.econbiz.de/10011408608
Persistent link: https://www.econbiz.de/10003395888