haku: @author Katz, E. / yhteensä: 9
viite: 2 / 9
| Tekijä: | Appelbaum, E. Katz, E. |
| Otsikko: | Corporate taxation, incumbency advantage and entry |
| Lehti: | European Economic Review
1996 : DEC, VOL. 40:9, p. 1817-1828 |
| Asiasana: | COMPANIES TAXATION INDUSTRIAL STRUCTURE |
| Kieli: | eng |
| Tiivistelmä: | The purpose of the paper is to show that corporation tax may affect industrial structure. Analyzing the effects of corporation tax, we demonstrate that it tends to favour incumbents over entrants. The paper also shows that the effect of this advantage on an incumbent's output depends on his profit or loss history. An incumbent with a past profit is likely to produce a greater output, thereby partially or fully crowding out an entrant's output. In contrast, an incumbent with a past loss is more likely to produce a smaller output, making the entry easier. |
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