WorldCat Identities

Köthenbürger, Marko

Overview
Works: 76 works in 202 publications in 2 languages and 3,863 library holdings
Roles: Author, Creator, Editor, dgs
Publication Timeline
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Most widely held works by Marko Köthenbürger
Privatization experiences in the European Union by Marko Köthenbürger( )

14 editions published between 2006 and 2014 in English and held by 1,831 WorldCat member libraries worldwide

In this work, experts evaluate the varied outcomes of privatization experiences in Austria, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Spain, and the UK
European monetary integration( )

12 editions published in 2004 in English and held by 1,545 WorldCat member libraries worldwide

The contributors to this text, all economists and scholars, combine theoretical analysis and policy recommendation in their examination of the difficulties of European monetary integration
Die Zukunft der Wohlfahrtsgesellschaft Festschrift für Hans-Werner Sinn by Sascha O Becker( Book )

2 editions published in 2013 in German and held by 74 WorldCat member libraries worldwide

Hauptbeschreibung Finanzmarktkrise und wachsende Staatsschulden, Überalterung der Gesellschaft und Bevölkerungsschwund, die Krise des Euro, Lohnkonkurrenz aus Asien: Hat unter diesen Bedingungen die Wohlfahrtsgesellschaft noch eine Chance? Die Autoren, alle prominente Ökonomen, beleuchten die Krisenszenarien und fragen über die wirtschaftliche Entwicklung hinaus nach den gesellschaftspolitischen Perspektiven. So diskutieren sie in diesem Buch, wie die Investition in Bildung und Arbeit neben sozialem Zusammenhalt und nationaler Identität Quellen für Wohlstand und Wachstum werden könn
International tax competition a federal approach( )

1 edition published in 2000 in English and held by 35 WorldCat member libraries worldwide

Ex-post redistribution in a federation : implications for corrective policy by Marko Köthenbürger( Book )

8 editions published in 2006 in English and German and held by 18 WorldCat member libraries worldwide

This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit inflicted by externality generation. When the federal government accommodates state finances ex-post, the grant differs in formula from existing prescription. Allocative federal policy corrects state policy incentives twofold. It entails a correction for the distortion in the marginal benefit of state spending (as in earlier literature) and for the distortion in the marginal cost of public funds induced by the ex-post provision of transfers. The required grant rule is generically disproportionate to the equilibrium externality (even with lump-sum taxation). Furthermore, the ex-post provision of transfers is critical for the nature of the equilibrium inefficiency. Equalizing transfers at least partly internalize consumption spill-overs, but simultaneously establishes a new source of inefficiency. As a final result, the existing prescription for allocative federal policy continues to apply if the public good is pure
Tax competition in a fiscal union with decentralized leadership by Marko Köthenbürger( Book )

5 editions published in 2003 in English and held by 18 WorldCat member libraries worldwide

Corporate taxation and corporate governance by Marko Köthenbürger( Book )

6 editions published in 2009 in English and held by 18 WorldCat member libraries worldwide

The effects of corporate taxation on firm behavior have been extensively discussed in the neoclassical model of firm behavior which abstracts from agency problems. As emphasized by the corporate governance literature, corporate investment behavior is however crucially influenced by diverging interests between shareholders and managers. We set up an agency model and analyze the crucial issue in corporate taxation of whether the normal return on investment should be exempted from taxation. The findings suggest that the divergence of interests may be intensified and welfare reduced if the corporate tax system exempts the normal return on investment from taxation. The optimal system may well use the full return on investment as a tax base. Hence, tax systems such as an Allowance for Corporate Equity (ACE) or a Cash-flow tax do not have the familiar efficiency-enhancing effects in the presence of corporate agency problems. -- corporate taxation ; corporate governance ; allowance for corporate equity ;comprehensive business income tax ; cash flow tax
Why are more redistributive social security systems smaller? : a median voter approach by Marko Köthenbürger( Book )

7 editions published in 2005 in English and held by 17 WorldCat member libraries worldwide

Leviathans, federal transfers, and the cartelization hypothesis by Marko Köthenbürger( Book )

6 editions published in 2004 in English and held by 17 WorldCat member libraries worldwide

How do local governments decide on public policy in fiscal federalism? : tax vs. expenditure optimization by Marko Köthenbürger( Book )

7 editions published between 2008 and 2010 in English and held by 16 WorldCat member libraries worldwide

Previous literature widely assumes that taxes are optimized in local public finance while expenditures adjust residually. This paper endogenizes the choice of the optimization variable. In particular, it analyzes how federal policy toward local governments influences the way local governments decide on public policy. Unlike the presumption, the paper shows that local governments may choose to optimize over expenditures. The result most notably prevails when federal policy subsidizes local fiscal effort. The results offer a new perspective of the efficiency implications of federal policy toward local governments and, thereby, enable a more precise characterization of local government behaviour in fiscal federalism. -- Tax vs. expenditure optimization ; federalism ; endogenous commitment ; fiscal incentives ; policy interaction
Rent taxation in a small open economy the Effect on transitional generations( )

2 editions published in 2007 in English and held by 16 WorldCat member libraries worldwide

Revisiting the "decentralization theorem" : on the role of externalities by Marko Köthenbürger( Book )

7 editions published in 2007 in English and held by 16 WorldCat member libraries worldwide

The "Decentralization Theoremʺ (Oates, 1972) is central to the discussion of fiscal federalism. We revisit the role of consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of spillovers may reduce the difference in utility of centralization and decentralization. The non-monotonicity result relates to the difference in expenditures on public consumption. Provided decentralized choices yield higher levels of public expenditure, a rise in the amount of spillovers allows residents to enjoy larger gains in public consumption (and thereby utility) under decentralization relative to centralization
Should utility reducing media advertising be taxed? by Hans Jarle Kind( Book )

4 editions published in 2009 in English and held by 15 WorldCat member libraries worldwide

Empirical evidence suggests that people dislike ads in media products like TV programs. In such situations standard economic theory prescribes that the advertising volume can be optimally reduced by levying a tax on ads. However, making use of recent advances in the theory of Industrial Organization and two-sided markets we show that taxing ads may be counterproductive. In particular, we identify a number of situations in which ad-adverse consumers are negatively affected by the tax, and we even show that the tax may lead to higher ad volumes. This unorthodox reaction to a tax may arise when consumers significantly dislike ads, i.e. in situations where traditional arguments for corrective taxes are strongest
Does tax competition really promote growth? by Marko Köthenbürger( Book )

8 editions published between 2007 and 2010 in English and held by 15 WorldCat member libraries worldwide

This paper considers the relationship between tax competition and growth in an endogenous growth model where there are stochastic shocks to productivity, and capital taxes fund a public good which may be for final consumption or an infrastructure input. Absent stochastic shocks, decentralized tax setting (two or more jurisdictions) maximizes the rate of growth, as the constant returns to scale present with endogenous growth implies extremeʺ tax competition. Stochastic shocks imply that households face a portfolio choice problem, which may dampen down tax competition and may raise taxes above the centralized level. Growth can be lower with decentralization. Our results also predict a negative relationship between output volatility and growth, consistent with the empirical evidence
Social security reform and intergenerational trade : is there scope for a Pareto-improvement? by Marko Köthenbürger( Book )

5 editions published in 2002 in English and held by 15 WorldCat member libraries worldwide

In earlier literature, the suggested Pareto improvements in pay-as-you-go (PAYG) systems have relied on the presence of externalities or the possibility of intragenerational redistribution. We show that neither assumption is necessary in an economy with intergenerational trade in a fixed factor of production, here labeled as land. Reducing the social security tax rate encourages investment in complementary human capital. Future efficiency gains accruing to land are capitalized in its value which compensates the landowning pensioners for reduced benefits. We also explain why the PAYG system may have lost its appeal even for pensioners after its introduction
Federal tax-transfer policy and intergovernmental pre-commitment by Marko Köthenbürger( Book )

5 editions published in 2007 in English and held by 14 WorldCat member libraries worldwide

Federal and state governments often differ in the capacity to pre-commit to expenditure and tax policy. Whether the implied sequence of public decisions has any efficiency implications is the subject of this paper. We resort to a setting which contrary to most of the literature does not exhibit a perfect tax-base overlap. We show that a federal government's pre-commitment capacity is welfare-improving. Efficiency, however, does not improve over all decision margins. The welfare-increasing policy entails a more distorted level of public consumption. Moreover, welfare may also improve if local governments are able to pre-commit towards the upper level. The rationale is that although federal transfers are formally unconditional they nevertheless entail a tax-price effect; thereby potentially counteracting incentives to engage in a "race to the bottomʺ in fiscal competition among local governments
Do fiscal transfers alleviate business tax competition? : evidence from Germany by Peter Egger( Book )

4 editions published in 2007 in English and held by 13 WorldCat member libraries worldwide

The paper empirically analyzes the incentive effects of equalizing transfers on business tax policy by exploiting a natural experiment in the state of Lower Saxony which changed its equalization formula as of 1999. We resort to within-state and across-state difference-in-difference estimates to identify the reform effect on municipalities' business tax rates. Confirming the theoretical prediction, the reform had a significant impact on the municipalities' tax policy in the four years after the reform with a phasing outʺ of the effect starting in the fourth to fifth year. The finding is robust to various alternative specifications
Efficiency enhancing taxation in two-sided markets by Hans Jarle Kind( Book )

4 editions published in 2008 in English and held by 13 WorldCat member libraries worldwide

This paper examines the efficient provision of goods in two-sided markets and characterizes optimal specific and ad-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) output may be reduced by imposing negative value-added taxes (subsidy) or positive specific taxes
Rent taxation and its intertemporal welfare effects in a small open economy by Marko Köthenbürger( Book )

4 editions published in 2007 in English and held by 12 WorldCat member libraries worldwide

Previous literature concludes that replacing wage taxation by taxes on a fixed factor or its rents benefits future generations. However, the effects of such steady-state gains on the transition generations have been left open. In this paper, we show that taxation of rents may also increase utility of the current generation provided tax revenues are earmarked to reduce wage taxes. In particular, a shift in the tax mix may yield an intergenerational Pareto-improvement when the initially prevailing tax mix is sufficiently skewed towards wage taxation
Taxation in two-sided markets by Hans Jarle Kind( Book )

4 editions published in 2006 in English and held by 12 WorldCat member libraries worldwide

Two-sided platform firms serve distinct customer groups that are connected through interdependent demand, and include major businesses such as the media industry, banking, and the software industry. A well known textbook result in one-sided markets is that a government may increase a monopolist's output and reduce the deadweight loss by subsidizing output. The present paper shows that this result need not hold in a two-sided market. On the contrary, a higher ad-valorem tax rate - rather than a subsidy - could increase output and enhance welfare
 
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European monetary integration
Covers
European monetary integration
Alternative Names
Koethenbuerger, M.

Koethenbuerger, Marko 1970-

Köthenbürger, M.

Köthenbürger, Marko

Marko Köthenbürger economist (Eidgenössische Technische Hochschule Zürich (ETHZ))

Marko Köthenbürger Wirtschaftswissenschaftler (Eidgenössische Technische Hochschule Zürich (ETHZ))

Languages
English (112)

German (3)