Showing 1 - 10 of 10
In this paper we analyze the structure of contest equilibria with a variable number of agents. First we analyze a situation where the total prize depends on the number of agents and where every single agent faces opportunity costs of investing in the contest. Second we analyze a situation where...
Persistent link: https://www.econbiz.de/10010320900
Fiscal policy is examined in a model of an open economy which is characterised by unemployment caused by efficiency wages. It is shown that the conventional conclusion, according to which mobile capital is untaxed in the presence of wage taxation, is not generally valid. A positive capital tax...
Persistent link: https://www.econbiz.de/10010320902
We analyze tax competition between large and asymmetric countries and derive conditions under which countries assist foreign authorities in collecting tax revenues via information exchange. It turns out that voluntary exchange of information is a Nash equilibrium between asymmetric countries,...
Persistent link: https://www.econbiz.de/10010320918
We set up a probabilistic voting model to explore the hypothesis that tax competition improves public sector efficiency and social welfare. In the absence of tax base mobility, distortions in the political process induce vote-maximising politicians to create rents to public sector employees....
Persistent link: https://www.econbiz.de/10010320950
We set up a probabilistic voting model to explore the hypothesis that tax competition improves public sector efficiency and social welfare. In the absence of tax base mobility, distortions in the political process induce vote-maximising politicians to create rents to public sector employees....
Persistent link: https://www.econbiz.de/10005233028
We analyze tax competition between large and asymmetric countries and derive conditions under which countries assist foreign authorities in collecting tax revenues via information exchange. It turns out that voluntary exchange of information is a Nash equilibrium between asymmetric countries,...
Persistent link: https://www.econbiz.de/10005749878
In this paper we analyze the structure of contest equilibria with a variable number of agents. First we analyze a situation where the total prize depends on the number of agents and where every single agent faces opportunity costs of investing in the contest. Second we analyze a situation where...
Persistent link: https://www.econbiz.de/10005749930
Fiscal policy is examined in a model of an open economy which is characterised by unemployment caused by efficiency wages. It is shown that the conventional conclusion, according to which mobile capital is untaxed in the presence of wage taxation, is not generally valid. A positive capital tax...
Persistent link: https://www.econbiz.de/10005749951
Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The...
Persistent link: https://www.econbiz.de/10010320840
Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The...
Persistent link: https://www.econbiz.de/10005225526