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Tax Policy and the Efficiency of U.S. Direct Investment Abroad
Cash Flow Investment Return oreign Direct Investment nvestment Funds Policy Taxation United States
2015/4/24
Deferral of U.S. taxes on foreign source income is commonly characterized as a subsidy to foreign investment, as reflected in its inclusion among "tax expenditures" and occasional calls for its repeal...
Proprietary vs. Open Two-Sided Platforms and Social Efficiency
Two-Sided Markets Platforms Indirect Network Effects Product Variety Social Efficiency Two-Sided Platforms
2015/4/21
This paper identifies a fundamental economic welfare tradeoff between two-sided open platforms and two-sided proprietary (closed) platforms connecting consumers and producers. Proprietary platforms cr...