scholarly journals Welfare optimization and multinational monopolies

1996 ◽  
Vol 38 (1) ◽  
pp. 16-25
Author(s):  
A. M. Russell ◽  
C. A. Martini ◽  
J. A. Rickard
Keyword(s):  
Parameter Space ◽  
Home Country ◽  
Domestic Market ◽  
Consumption Tax ◽  
Optimal Value ◽  
National Welfare ◽  
Consumption Taxes

AbstractThis paper examines the role of import tariffs and consumption taxes when a product is supplied to a domestic market by a foreign monopoly via a subsidiary. It is assumed that there is no competition in the domestic market from internal suppliers. The home country is able to levy a profits tax on the subsidiary. The objective of our analysis is to determine the mix of tariff and consumption tax which simultaneously maximizes national welfare. We show that national welfare does not have an internal maximum, but attains its maximum on a boundary of the consumption tax–tariff parameter space. Furthermore, the optimal value of national welfare increases as the tariff decreases and the consumption tax increases. The results obtained generalize the results of an earlier paper in which national welfare was maximized with respect to either a tariff or consumption tax, but not both.

scholarly journals Welfare policy and multi-national monopolies

1992 ◽  
Vol 34 (2) ◽  
pp. 133-152 ◽  
Author(s):  
John Rickard ◽  
Allen Russell ◽  
Christine Martini
Keyword(s):  
Policy Implication ◽  
Home Country ◽  
Welfare Policy ◽  
Critical Value ◽  
Domestic Market ◽  
Consumption Tax ◽  
National Welfare ◽  
Effective Instrument ◽  
Consumption Taxes

AbstractThis paper examines the role of import tariffs and consumption taxes when a product is supplied to a domestic market by a foreign monopoly via a subsidiary. It is assumed that there is no competition in the domestic market from internal suppliers. The home country is able to levy a profits tax on the subsidiary; the objective of our analysis is to determine the levels of tariff or consumption tax which maximise national welfare. Comparisons are made under the two alternative policies from the perspectives of national welfare, total national cost and average national cost. The major policy implication of the analysis is that a consumption tax is the more effective instrument for maximising national welfare provided the profits tax is less than a certain critical value; if the profits tax exceeds this value then a tariff, though in the form of a subsidy, is the most effective instrument. Our results complement, correct and extend an earlier analysis by Katrak (1977) [6].

THE ROLE OF PRODUCT ETHNICITY IN HOME COUNTRY BIAS

2014 ◽  
Author(s):  
Peter Mathias Fischer ◽  
◽  
Katharina P. Zeugner-Roth ◽  
Keyword(s):  
Home Country

Dynamic effects of consumption tax reforms with durable consumption

2020 ◽  
Vol 20 (2) ◽  
Author(s):  
Qian Li
Keyword(s):  
Generation Model ◽  
Consumption Tax ◽  
Income Risk ◽  
Tax Reforms ◽  
Market Completeness ◽  
Durable Consumption ◽  
Poor Households ◽  
Borrowing Constraint ◽  
The Difference ◽  
Consumption Taxes

AbstractThis paper introduces durables into a dynamic general equilibrium overlapping generation model with idiosyncratic income shocks and endogenous borrowing constraints, which depend on durables. The aim of this paper is to evaluate the welfare effects of consumption tax reforms in a richer model that captures the difference between nondurable and durable consumption. When durables are considered, the standard results that a shift to consumption taxes is welfare improving are overturned. The mechanism of this opposing result is that consumption tax makes durable consumption more expensive without relaxing the borrowing constraint. The inability of borrowing to insure against income risk deviates the economy further away from market completeness and particularly hurts young and poor households. As a result, welfare decreases, coupled with negative redistribution.

Improvement of the remuneration system in modern conditions

2020 ◽  
pp. 6-12
Author(s):  
S. V. Savina
Keyword(s):  
Economic Growth ◽  
Productivity Growth ◽  
Positive Impact ◽  
Domestic Market ◽  
Effective Demand ◽  
Difficult Situation ◽  
Remuneration System ◽  
Near Future ◽  
Further Development

Today, a difficult situation has developed in the field of wages and incomes of the population, associated with the need to increase the level of wages and real incomes of the population, since low effective demand in the domestic market can become the main constraint on economic growth in the near future. The main goal of wage reform in modern conditions is to restore the role of wages as the main incentive for productivity growth and labor efficiency, which will have a positive impact on the functioning of production and will give an impetus to its further development.

scholarly journals A Neurocomputational Theory of Nightmares: The role of formal properties of nightmare images

2021 ◽  
Author(s):  
Patrick McNamara ◽  
Wesley J Wildman ◽  
George Hodulik ◽  
David Rohr
Keyword(s):  
Individual Difference ◽  
Parameter Space ◽  
Computational Models ◽  
Computational Simulation ◽  
Time Varying ◽  
Individual Difference Variables ◽  
Image Characteristics ◽  
Nightmare Disorder ◽  
Formal Properties

Abstract Study Objectives To test and extend Levin & Nielsen’s (2007) Affective Network Dysfunction (AND) model with nightmare disorder (ND) image characteristics, and then to implement the extension as a computational simulation, the Disturbed Dreaming Model (DDM). Methods We used AnyLogic V7.2 to computationally implement an extended AND model incorporating quantitative effects of image characteristics including valence, dominance, and arousal. We explored the DDM parameter space by varying parameters, running approximately one million runs, each for one month of model time, varying pathway bifurcation thresholds, image characteristics, and individual-difference variables to quantitively evaluate their combinatory effects on nightmare symptomology. Results The DDM shows that the AND model extended with pathway bifurcations and image properties is computationally coherent. Varying levels of image properties we found that when nightmare images exhibit lower dominance and arousal levels, the ND agent will choose to sleep but then has a traumatic nightmare, whereas, when images exhibit greater than average dominance and arousal levels, the nightmares trigger sleep-avoidant behavior, but lower overall nightmare distress at the price of exacerbating nightmare effects during waking hours. Conclusions Computational simulation of nightmare symptomology within the AND framework suggests that nightmare image properties significantly influence nightmare symptomology. Computational models for sleep and dream studies are powerful tools for testing quantitative effects of variables affecting nightmare symptomology and confirms the value of extending the Levin & Nielsen AND model of disturbed dreaming/ND.

scholarly journals Cross-Border M&A Motives and Home Country Institutions: Role of Regulatory Quality and Dynamics in the Asia-Pacific Region

2021 ◽  
Vol 14 (10) ◽  
pp. 468
Author(s):  
Peter Zámborský ◽  
Zheng Joseph Yan ◽  
Erwann Sbaï ◽  
Matthew Larsen
Keyword(s):  
Institutional Environment ◽  
Home Country ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Cross Border ◽  
Regulatory Quality ◽  
Using Data ◽  
Over Time

The purpose of this paper is to analyze the relationship between home country institutions and cross-border merger and acquisition (M&A) motives of MNEs from the Asia-Pacific region, with a focus on the role of regulatory quality and dynamics. We empirically examine how M&A motives are affected by elements related to risk of the institutional environment of the acquiring firm’s home country regulatory quality over time. The study is grounded in the general theory of springboard MNEs, and the institutional views of cross-border operations, namely the institutional escapism and institutional fostering perspectives. Using data on over 700 cross-border M&As of European firms by Asia-Pacific MNEs in 2007–2017, we analyze the rationales for these deals and their relationship to the institutional characteristics of the buyers’ home countries including regulatory quality and voice and accountability. We found that the quality of home country regulatory environment is significantly related to domestic firms’ motivation for international M&As. However, the significance and sign of the effects differ for different types of motives and over time. Our findings contribute to the literature on general versus emerging MNE-specific internationalization theories (particularly the theory of springboard MNEs) by expounding on the types and dynamics of cross-border M&A motives.

Acculturative stress as a mental health predictor of North Korean refugees in South Korea

2018 ◽  
Vol 27 (3) ◽  
pp. 299-322 ◽  
Author(s):  
Hwajin Shin ◽  
In-Jin Yoon
Keyword(s):  
Mental Health ◽  
Health Status ◽  
South Korea ◽  
Acculturative Stress ◽  
Home Country ◽  
Cultural Norms ◽  
North Korean Refugees ◽  
Integrated Or ◽  
Culture Of Origin

South Korea is an emerging immigration destination where over half of the country’s immigrant population are ethnic return migrants. Thus far, little attention has been given to the effect of acculturation on the mental health of coethnic migrants in non-traditional immigration states such as South Korea. Using 2010 survey data on 1,200 North Korean refugees, this study examines the effect of preserving cultural norms and practices from the home country on the mental health of North Koreans in the South. Based on an acculturation typology, we categorize respondents into four groups based on their attitudes toward home and host cultures. Given South Korea’s homogenous context, our cluster analyses extracted two acculturation types—the integrated and the assimilated groups. The finding that integrated or bicultural individuals had better mental health status than assimilated individuals underscores the crucial role of the culture of origin in attenuating acculturative distress for coethnic migrants in South Korea.

Sign in / Sign up

Export Citation Format

Share Document