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Cari koleksi dengan cepat sesuai kebutuhan Anda.We test the agency theory of corporate political activity by examining the association between the legality of independent expenditures and antitakeover lawmaking in the USstates. Exploiting changes in state law regarding the use of corporate independent expenditures in the pre-Citizens United era, we estimate that a state ismore likely to pass antitakeover statutes that entrench management whe…
When a firm sells a product together with another product, it may rely on a twopart tariff. I explain that when a firm uses a two-part tariff, a cost increase may or may not be passed through to final consumers. Depending on the characteristics of final consumers� demand, a cost increase could result in no increase in the price of either product, an increase in the price of both products, …
On 14 January 2014, the Bundesverfassungsgericht (German Contitutional Court in Karlsruhe hereafter Karlsruhe) ruled on the European Central Bank�s (ECB) Outright Monetary Transaction (OMT) programme. This ruling has prompted fierce debate among lawyers and economists for a number of reasons. First of all, the OMT programme concerned the very short-term survival of the euro. Secondly, i…