Marcel Thum

This paper examines the dynamics of the international natural gas market, focusing on the strategic interplay between Liquefied Natural Gas (LNG) and pipeline transportation. LNG provides flexibility but incurs higher costs, whereas pipelines are more cost-efficient but foster geopolitical dependencies.

Terrorism and misperceptions: Evidence from Europe Research output: Contribution to journal › Research article › Contributed › peer-review

By Subhayu Bandyopadhyay, Sugata Marjit, Santiago Pinto and Marcel Thum Working Papers September 2025, No. 25-06 We investigate the trade-off policymakers face between raising tax revenues for public good provision and mitigating the distortionary effects of taxation when individuals can evade taxes and allocate work hours between legal and clandestine (illicit) activities. These distortions lower the constrained optimal tax rate and result in the under-provision of the public good.