Concept

Direct tax

Related publications (10)

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We solve the problem of optimal inventory management for a CARA market-maker who faces proportional transaction costs and marking to market. Our model accommodates inventory shocks following an arbitrary compound Poisson process. We show that the no-tradin ...

SPRINGER HEIDELBERG2020

Corporate governance and capital structure dynamics

Erwan Morellec, Norman Schuerhoff, Boris Nikolov

We develop a dynamic tradeoff model to examine the importance of managershareholder conflicts in capital structure choice. In the model, firms face taxation, refinancing costs, and liquidation costs. Managers own a fraction of the firms equity, capture par ...

2012

Regulatory Institutions and Governance Costs

Martin Maegli

In recent decades, the European postal industry has undergone profound reforms, which aim to promote competition while simultaneously maintaining a high level of universal services for consumers. It is often put forth that market opening and the emergence ...

EPFL2012

Updating existing railway bridges based on monitoring data

Eugen Brühwiler, Mark Anthony Treacy, Marina Rocha Pinto Portela Nunes

Due to the important direct and indirect costs of the intervention, more detailed examination methods based on data as obtained from monitoring is suggested. This paper reports on an ongoing study to examine the fatigue safety of one standard bridge type, ...

CRC Press/Balkema2012

A monitoring system for determination of real deck slab behaviour in prestressed box girder bridges

Eugen Brühwiler, Mark Anthony Treacy

Due to ever increasing traffic demands the fatigue safety and service life of the bridges of a railway line in Brazil need to be examined. Conventional assessment methods using load models and approaches as suggested in codes lead to conservative results r ...

CRC Press/Balkema2012

Preliminary Study of a Solar Trough/Tower Power Plant

Jorge López Moreno

The possibility of combining both the advantages of a solar tower thermal power plant and of a solar parabolic trough power plant could be interesting from an energetic point of view as well from an economic point of view. The preliminary study of this com ...

2010

Solving Atomic Broadcast with Indirect Consensus

André Schiper, Nils Richard Ekwall

In previous work, it has been shown how to solve atomic broadcast by reduction to consensus on messages. While this solution is theoretically correct, it has its limitations in practice, since executing consensus on large messages can quickly saturate the ...

2006

Solving Atomic Broadcast with Indirect Consensus

André Schiper, Nils Richard Ekwall

2006

Approaches to efficient capital taxation: leveling the playing field vs. living by the golden rule

Philippe Thalmann

This paper analyzes intersectoral and intertemporal efficiency effects of the Tax Reform Act of 1986 using a general equilibrium model that considers impacts of taxes on the allocation of capital across industries, assets, sectors and time. The model pays ...

1993

Optical-Properties and Switching Behavior of Excited Iii-V Semiconductors near the Direct Indirect Cross-Over

In highly excited semiconductor systems near the transition from direct to indirect band structure (cross-over) the energetic distance between different conduction band minima is a nonmonotonous function of the excitation intensity. A theoretical explanati ...

1992

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