Essays on household taxation and competition between heterogeneous firms

Essa tese é constituída por três artigos: "Tax Filing Choices for the Household", "Optimal Tax for the Household: Collective and Unitary Approaches" e "Vertical Differentiation and Heterogeneous Firms".

Accountability and yardstick competition in the public provision of education

This paper explores the institutional change introduced by the public disclosure of an education development index (IDEB, Basic Education Development Index) in 2007 to identify the e ect of education accountability on yardstick competition in education spending for Brazilian municipalities. Our results are threefold. First, political incentives are pervasive in setting the education expenditures. The spatial strategic behavior on education spending is estimated lower for lame-ducks and for those incumbents with majority support at the city council. This suggests a strong relation between commitment and accountability which reinforces yardstick competition theory. Second, we nd a minor reduction (20%) in spatial interaction for public education spending after IDEB's disclosure | compared to the spatial correlation before the disclosure of the index. This suggests that public release of information may decrease the importance of the neighbors` counterpart information on voter`s decision. Third, exploring the discontinuity of IDEB`s disclosure rule around the cut-o of 30 students enrolled in the grade under assessment, our estimates suggest that the spatial autocorrelation | and hence yardstick competition | is reduced in 54%. Finally, an unforeseen result suggests that the disclosure of IDEB increases expenditures, more than 100% according to our estimates.

Creditor's protection and bank loans: lack of competition hamprers bankruptcy reform's effects

This dissertation investigates how credit institutions’ market power limits the effects of creditor protection rules on the interest rate and the spread of bank loans. We use the Brazilian Bankruptcy Reform of June/2005 (BBR) as a legal event affecting the institutional environment of the Brazilian credit market. The law augments creditor protection and aims to improve the access of firms to the credit market and to reduce the cost of borrowing. Either access to credit or the credit cost are also determined by bank industry competition and the market power of suppliers of credit. We derive a simple economic model to study the effect of market power interacting with cost of lending. Using an accounting and operations dataset from July/2004 to December/2007 provided by the Brazilian Central Bank, we estimate that the lack of competition in the bank lending industry hinders the potential reducing effect of the BBR on the interest rate of corporate loans by approximately 30% and on the spread by approximately 23%. We also find no statistical evidence that the BBR affected the concentration level of the Brazilian credit market. We present a brief report on bankruptcy reforms around the world, the changes in the Brazilian legislation and on some recent related articles in our introductory chapter. The second chapter presents the economic model and the testable hypothesis on how the lack of competition in the lending market limits the effects of improved creditor protection. In this chapter, we introduce our empirical strategy using a differences-in-differences model and we estimate the limiting effect of market power on the BBR’s potential to reduce interest rates and on the spread of bank loans. We use the BBR as an exogenous event that affects collateralized corporate loans (treatment group) but that does not affect clean consumer loans (control group) to identify these effects, using different concentration measures. In Chapter 3, we propose a two-stage empirical strategy to handle the H–Statistics proposed by Panzar and Rosse as a measure of market competition. We estimate the limiting effects of the lack of competition in replacing the concentration statistics by the H–Statistics. Chapter 4 presents a structural break test of the concentration index and checks if the BBR affects the dynamic evolution of the concentration index.

Net Neutrality Compendium: Human Rights, Free Competition and the Future of the Internet

The ways in which Internet traffic is managed have direct consequences on Internet users’ rights as well as on their capability to compete on a level playing field. Network neutrality mandates to treat Internet traffic in a non-discriminatory fashion in order to maximise end users’ freedom and safeguard an open Internet. This book is the result of a collective work aimed at providing deeper insight into what is network neutrality, how does it relates to human rights and free competition and how to properly frame this key issue through sustainable policies and regulations. The Net Neutrality Compendium stems from three years of discussions nurtured by the members of the Dynamic Coalition on Network Neutrality (DCNN), an open and multistakeholder group, established under the aegis of the United Nations Internet Governance Forum (IGF).

Do brazilian states engage in the fiscal war of ports? An empiric study of tax competition and an analysis of a natural experiment: the brazilian senate resolution 13/2012

O fim do ano de 2014 marcou o segundo aniversário da Resolução 13/2012 (R13) do Senado brasileiro. Grosso modo, R13 constituiu-se de um normativo do Senado cujo objetivo era o de por um fim na Guerra Fiscal dos Portos (FWP), uma competição fiscal entre os estados que se dá através da concessão de benefícios fiscais sobre operações interestaduais com mercadorias importadas de modo a atrair empresas importadoras para o território do estado concedente. R13 diminuiu o nível da tributação sobre tais operações, esperando com isso diminuir os lucros auferidos e a propensão das firmas de aceitarem tais regimes especiais de incentivação fiscal. Nada obstante, R13 gerou uma grande discussão sobre se os benefícios da atração de investimentos para um estado em particular superariam ou não os custos que esse estado incorreria em renunciar receitas tributárias em razão concessão desses benefícios fiscais. O objetivo do presente trabalho é o de dar uma contribuição a essa discussão, testando se um comportamento de interação estratégica entre estados, tal como aquele que supostamente ocorre no contexto da FWP, de fato emerge dos dados de importação coletados de janeiro de 2010 a maio de 2015, e, também, testando se a R13 de fato afetou tal comportamento de interação estratégica. Utiliza-se aqui um modelo de econometria espacial, no qual se especifica uma matriz de pesos que agrega o nível de importação das jurisdições concorrentes, organizando os dados em um painel de efeitos fixos. Os resultados sugerem que existe um comportamento de interação estratégica entre os estados e que a R13 de fato impactou tal comportamento.

The Limits of political compromise: debt ceilings and political competition

We study the desirability of limits on the public debt and of political competition in an economy where political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public expenditures above the socially optimal level. Parties cannot commit to future policies, but they can forge a political compromise where each party curbs excessive spending when in office if it expects future governments to do the same. In contrast to the received literature, we find that strict limits on government borrowing can exacerbate political-economy distortions by rendering a political compromise unsustainable. This tends to happen when political competition is limited. Conversely, a tight limit on the public debt fosters a compromise that yields the efficient outcome when political competition is vigorous, saving the economy from immiseration. Our analysis thus suggests a legislative tradeoff between restricting political competition and constraining the ability of governments to issue debt.

Exclusivity contracts and competition : the case of the Brazilian fuels market

Exclusivity contracts can help stations by providing brand-value that allows them to obtain higher profits, relative to unbranded retailers. However, branded retailers may have a stronger negative effect over its competitors’ profits. It is not clear which one of these two effects dominates (brand-value vs competition effect). Therefore, the impact of exclusivity over the number of participants in the downstream market is not determined. In this paper, I empirically study the effects of exclusivity agreements on competition in the Brazilian gasoline sector. In order to do so, I estimate an entry model of endogenous product-type choices using data of retailers’ locations and contract choices along with data from the 2010 Brazilian Census. I use my estimates to simulate entry decisions under two counterfactual scenarios: i) mandatory exclusivity and ii) no exclusivity.

A model of competition and interbank network formation

This work aims to understand the interaction between competition and network formation in the banking market. Combining Matutes and Padilla (1994) and Matutes and Vives (2000), we build a model of imperfect bank competition for deposits in which an interbank relationship network is a key strategic decision: it affects banks’ profit and risk position. The competition level exerts influence in the banking network structure since it affects the network outcomes. As result, we have that different competition levels imply different network topologies. Specifically, greater competition imply denser networks. Finally, when we allow for the possibility of collusion, the denser network can come out in the least competitive environment.

Effect of poultry viscera meal inclusion in broiler diets in different rearing periods on performance, carcass and parts yields

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Peat humic substances enriched with nutrients for agricultural applications: Competition between nutrients and non-essential metals present in tropical soils

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Produtividade de alface cv Lucy Brown influenciada por períodos de convivência com plantas infestantes e potencial alelopático da tiririca

This work was divided in two experiments, the first one to evaluate the lettuce productivity (cv Lucy Brown - American group) influenced by increasing and decreasing periods of coexisting with harmful plants, and a second moment, aiming at to evaluate the allelopathic potential of nutsedge (Cyperus rotundus L.) on the initial lettuce development.The experimental treatments constituted of six increasing and decreasing periods of coexisting with harmful plants, or control of it in the culture, considered from the plantation of the lettuce; being separate in two groups: Weeds and Clean weeds.In the second moment of the experiment, purple nutsedge aerial parts had been collected in the area of experiment 1, that drying had been after triturated and immersed in methylic alcohol P. A in ratios 10, 5,0 and 2.5% (w/ v) and later impregnated in germination paper, where had been placed lettuce seeds.The analyses of results, one concludes that the presence of C. rotundus plants can intervene with the germination, growth and development of the plants of lettuce cv Lucy Brown, and that initial periods of coexisting between the culture and the harmful are associate to an induction of the foliar area development, and can not express the reduction of productivity in the end of the cycle. Drawn out periods of competition induce the reduction of the lettuce foliar area, and then they will intervene with the yield productivity.

Estimativa da área foliar de plantas daninhas: Solanum americanum Mill

A maria pretinha (Solanum americanum Mill) é uma planta daninha infestante de diversas culturas e além da competição pode causar outros problemas. Nos estudos envolvendo a biologia e o controle de plantas daninhas, a área foliar é uma das mais importantes características a serem avaliadas, mas tem sido pouco estudada porque sua determinação exige equipamentos sofisticados ou utiliza técnicas destrutivas. Visando obter equações que permitissem a estimativa da área foliar desta planta daninha utilizando características lineares do limbo foliar, facilmente mensuráveis em plantas no campo, foram estudadas correlações entre a área foliar real e as seguintes características das folhas: comprimento ao longo da nervura principal (C), largura máxima do limbo (L) e o produto (C x L). Para tanto, foram mensuradas 200 folhas coletadas de plantas sujeitas às mais diversas condições ecológicas em que a espécie sobrevive, considerando-se todas as folhas das plantas desde que não apresentassem deformações oriundas de fatores, tais como, pragas, moléstias e granizo. Todas as equações, lineares simples, geométricas e exponenciais, permitiram boa estimativa da área foliar (Af) da maria pretinha. do ponto de vista prático, sugere-se optar pela equação linear simples envolvendo o produto (C x L), a qual apresentou o menor QM Resíduo. Assim, a estimativa da área foliar de S. americanum pode ser efetuada pela equação AF = 0,5632 x (C x L), com coeficiente de determinação (R2) de valor igual a 0,9516.

Períodos de interferência de Commelina benghalensis na cultura do café recém-plantada

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Efeitos da adubação fosfatada nas relações de interferência inicial entre plantas de milho (Zea mays) e de tiririca (Cyperus rotundus)

O objetivo deste trabalho foi avaliar os efeitos da adubação fosfatada nas relações de interferência inicial entre plantas de milho e de tiririca. Para isso, foi montado um experimento em vasos de 90 L, preenchidos com substrato constituído por areia, terra e substrato Plantmax®. Os tratamentos constaram de combinações de colonização dos vasos por milho e/ou por tiririca nas densidades iniciais de 25 e 50 tubérculos por vaso; essas situações de colonização foram estabelecidas em três condições de adubação fosfatada adicional: 0, 100 e 300 ppm de fósforo. No campo, os vasos foram dispostos no delineamento inteiramente casualizado, com quatro repetições. As relações de interferência entre plantas de milho e de tiririca foram alteradas pela fertilização fosfatada do solo. O milho teve excelente aproveitamento do enriquecimento do solo pelo fósforo e interferiu mais decisivamente sobre a tiririca nos vasos bem fertilizados com esse elemento. Nessas condições, o milho reduziu drasticamente a resposta da tiririca à fertilização fosfatada, em termos de crescimento da parte aérea. A interferência da tiririca reduziu a altura das plantas de milho, a expansão da área foliar e o acúmulo de matéria seca na parte aérea.

Efeito da densidade de tubérculos de tiririca (Cyperus rotundus) sobre o crescimento inicial de plantas de algodão

O objetivo deste trabalho foi avaliar a interferência de densidades de tubérculos de tiririca no crescimento inicial de plantas de algodão, cultivar Delta Opal. Para isso, utilizaram-se caixas de cimento-amianto (0,60 x 0,60 x 0,25 m) com Latossolo Vermelho Escuro, no centro das quais foram semeadas seis sementes de algodão, em linha, espaçadas de 0,10 m; em seguida, plantaram-se tubérculos de tiririca nas densidades de 0, 5, 10, 15, 25, 50, 75, 100, 125, 150, 175 e 200 tubérculos por caixa, que foram nestas distribuídos aleatoriamente. O delineamento experimental foi o de blocos casualizados, em quatro repetições. Aos 50 dias após a semeadura, foram determinados, nas plantas de algodão, a altura e o teor relativo de clorofila total. Ao término do período experimental (65 dias após a emergência do algodão), foram determinados: altura, teor relativo de clorofila total, área foliar e matéria seca do caule e das folhas. Nas plantas de tiririca foi feita a contagem do número final de plantas (partes aéreas) por caixa. A interferência da tiririca no crescimento inicial do algodoeiro iniciou-se a partir de 5 tubérculos/caixa, reduzindo em até 71% as características analisadas na mais alta densidade (200 tubérculos/caixa). A competição intra-específica na tiririca acentuou-se a partir de 75 tubérculos/caixa, quando obteve mais do que 1,86 brotação por tubérculo. As características avaliadas nas plantas de algodão mais sensíveis ao efeito dos tubérculos de tiririca foram: área foliar, massa seca de folhas, caule e altura das plantas, nesta ordem.