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作者：Gresik, Thomas A.
作者单位：University of Notre Dame
摘要：This paper analyzes the effect on firm behavior and national tax revenues of allowing multinational firms to choose to be taxed under separate accounting rules or an apportionment formula. Separate accounting always generates more profitable output and conditional labor demand distortions from tax differentials while either method can generate a more profitable income-shifting distortion. Both low-cost and high-cost firms can prefer separate accounting while medium-cost firms prefer formula ap...
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作者：Campodonico, Luis A. Bryce; Bonfatti, Roberto; Pisano, Luigi
作者单位：University of Nottingham; Northwestern University
摘要：We study tax policy in a Schumpeterian growth model with asymmetric information in the financing of innovation. Investors cannot a priori distinguish between more or less talented entrepreneurs. Net-worth allows talented entrepreneurs to self-invest and avoid being pooled with less talented entrepreneurs in the credit market. Increasing net-worth boosts innovation even when financed through higher profit taxes. Taxing consumption effectively raises net-worth and subsidizes profits simultaneous...
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作者：Haavio, Markus; Kotakorpi, Kaisa
作者单位：Bank of Finland; University of Turku; Leibniz Association; Ifo Institut
摘要：We analyze personalized regulation in the form of sin licenses to correct the distortion in the consumption of a harmful good when consumers suffer from varying degrees of self-control problems. We take into account preference uncertainty, which generates a trade-off between flexibility and commitment provided by sin licenses. We also account for the possibility that consumers may trade the sin good in a secondary market, which partially erodes the commitment power of sin licenses. We show tha...
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作者：Green, Colin P.; Heywood, John S.; Navarro, Maria
作者单位：Lancaster University; University of Wisconsin System; University of Wisconsin Milwaukee
摘要：In a rare effort to internalize congestion costs, London recently instituted charges for traveling by car to the central city during peak hours. Although the theoretical influence on the number and severity of traffic accidents is ambiguous, we show that the policy generated a substantial reduction in both the number of accidents and in the accident rate. At the same time, the spatial, temporal and vehicle specific nature of the charge may cause unintended substitutions as traffic and accident...
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作者：Fryer, Roland G., Jr.
作者单位：Harvard University; National Bureau of Economic Research
摘要：This paper describes a field experiment in Oklahoma City Public Schools in which students were provided with free cellular phones and daily information about the link between human capital and future outcomes via text message in one treatment and minutes to talk and text as an incentive in a second treatment. Students' reported beliefs about the relationship between education and outcomes were influenced by the information treatment. However, there were no measurable changes in student effort,...
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作者：Augenblick, Ned; Cunha, Jesse M.; Dal Bo, Ernesto; Rao, Justin M.
作者单位：University of California System; University of California Berkeley; United States Department of Defense; United States Navy; Naval Postgraduate School; National Bureau of Economic Research; Microsoft
摘要：We model religious faith as a demand for beliefs, following the logic of the Pascalian wager. We show how standard experimental interventions linking financial consequences to falsifiable religious statements can elicit and characterize beliefs. We implemented this approach with members of a group that expected the End of the World to occur on May 21, 2011 by varying monetary prizes payable before and after May 21st. To our knowledge, this is the first incentivized elicitation of religious bel...
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作者：de Sa, Saraly Andrade; Daubanes, Julien
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：We present a theory of limit-pricing monopoly in non-renewable-resource production. Facing a very inelastic demand, an oil monopoly seeks to induce the highest price that does not destroy its demand, unlike the conventional Hotellian analysis: The monopoly tolerates some ordinary substitutes to its oil but deters high-potential ones. With limit pricing, policy-induced extraction changes do not obey the usual logic. For example, oil taxes have no effect on current oil production. Extraction inc...
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作者：Park, Jongsang
摘要：Over the past decade, the United States has offered investment incentives in the form of larger depreciation savings, namely, bonus depreciation. The neoclassical investment model implies that investment responds to changes in depreciation savings, but there have been few direct attempts to investigate this implication. This paper examines investment patterns surrounding the 1999 shortening of the Alternative Minimum Tax (AMT) depreciation recovery periods, finding strong evidence that firms s...
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作者：Drouvelis, Michalis; Grosskopf, Brit
作者单位：University of Birmingham; University of Exeter
摘要：Emotions are commonly experienced and expressed in human societies; however, their consequences on economic behaviour have received only limited attention. This paper investigates the effects of induced positive and negative emotions on cooperation and sanctioning behaviour in a one-shot voluntary contributions mechanism game, where personal and social interests are at odds. We concentrate on two specific emotions: anger and happiness. Our findings provide clear evidence that measures of socia...
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作者：Habyarimana, James; Jack, William
作者单位：Georgetown University; Georgetown University
