Managerial Firms, Taxation, and Welfare

Moriconi, Simone

Document type :

Compte-rendu et recension critique d'ouvrage

DOI :

10.1628/jite-2023-0030

Title :

Managerial Firms, Taxation, and Welfare

Author(s) :

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

Journal title :

Journal of Institutional and Theoretical Economics

Pages :

340-380

Publisher :

Mohr Siebeck

Publication date :

2023

ISSN :

0932-4569

English keyword(s) :

managerial firms
welfare
taxation

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances

English abstract : [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 ...
Show more >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.Show less >

Language :

Anglais

Popular science :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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