منابع مشابه
Sugar Price Supports and Taxation: A Public Health Policy Paradox.
Domestic US sugar production has been protected by government policy for the past 82 years, resulting in elevated domestic prices and an estimated annual (2013) $1.4 billion dollar "tax" on consumers. These elevated prices and the simultaneous federal support for domestic corn production have ensured a strong market for high-fructose corn syrup. Americans have dramatically increased their consu...
متن کاملSugar Price Supports and Taxation
Domestic US sugar production has been protected by government policy for the past 82 years, resulting in elevated domestic prices and an estimated annual (2013) $1.4 billion dollar ‘‘tax’’ on consumers. These elevated prices and the simultaneous federal support for domestic corn production have ensured a strong market for highfructose corn syrup. Americans have dramatically increased their cons...
متن کاملPrice discrimination and investment incentives
a r t i c l e i n f o JEL classifications: F13 L42 L13 D92 Keywords: price discrimination investment parallel trade pharmaceuticals net neutrality We examine a model of a monopolist selling to two segments of consumers with different preferences for quality. We show that if the firm is unable to price discriminate between the segments, then there is less investment in quality. We find that both...
متن کاملPrice Informativeness and Investment Sensitivity to Stock Price
The article shows that two measures of the amount of private information in stock price—price nonsynchronicity and probability of informed trading (PIN)—have a strong positive effect on the sensitivity of corporate investment to stock price. Moreover, the effect is robust to the inclusion of controls for managerial information and for other information-related variables. The results suggest tha...
متن کاملPreliminary and Incomplete Deviations between Stock Price and Fundamental Value for Real Estate Investment Trusts
We document that real estate investment trust (REIT) stock prices deviate from net asset values (NAV), as measured by Green Street Advisors, a buy-side research firm. Using REIT data since 1990, we find large positive excess returns to a strategy of buying stocks that trade at a discount to NAV, and shorting stocks trading at a premium to NAV. Estimated alphas are between 1.2% and 1.8% per mont...
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ژورنال
عنوان ژورنال: Journal of Public Economics
سال: 1993
ISSN: 0047-2727
DOI: 10.1016/0047-2727(93)90105-3