The novelty of the term is the ‘hybrid’ format of the seminar. You are highly encouraged to attend the seminar in person on campus, but under the current circumstances attendance is limited.
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Université du Québec à Montréal
will give a presentation on
This paper argues that tax avoidance by large corporations has contributed to the 25% increase in concentration among U.S. firms since the mid-1990s. Corporate tax avoidance gives large firms a competitive edge, which translates into larger market shares and an increase in the granularity of the economy. We develop IV and difference-in-differences strategies that show the causal impact of tax avoidance on firm-level sales. Had firms not resorted to tax avoidance in 2017, our results imply that the average industry concentration would have been 8.3% lower, which is around its early 2000 level.
with Mathieu Parenti and Farid Toubal
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The link to access the seminar on Thursday is HERE.