Managerial Firms, Taxation, and Welfare

Moriconi, Simone

Type de document :

Compte-rendu et recension critique d'ouvrage

DOI :

10.1628/jite-2023-0030

Titre :

Managerial Firms, Taxation, and Welfare

Auteur(s) :

Moriconi, Simone [Auteur]
Lille économie management - UMR 9221 [LEM]

Titre de la revue :

Journal of Institutional and Theoretical Economics

Pagination :

340-380

Éditeur :

Mohr Siebeck

Date de publication :

2023

ISSN :

0932-4569

Mot(s)-clé(s) en anglais :

managerial firms
welfare
taxation

Discipline(s) HAL :

Sciences de l'Homme et Société/Economies et finances

Résumé en anglais : [en]

This paper investigates welfare properties of an economy where firms are managerial, i.e., composed of two complementary units, each run by its own manager. We show that welfare outcomes depend on the interplay between the ...
Lire la suite >This paper investigates welfare properties of an economy where firms are managerial, i.e., composed of two complementary units, each run by its own manager. We show that welfare outcomes depend on the interplay between the set of private costs and benefits that are associated with the coordination of operating decisions inside the firm. We also derive a number of interesting results regarding the welfare effects of taxation, which depend on market conditions, tax levels, and structure of managerial incentives. In some cases, these welfare effects are due to "tax-induced" changes in the ownership structure of firms in the industry equilibrium.Lire moins >

Langue :

Anglais

Vulgarisation :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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