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作者：Galindo-Silva, Hector
摘要：In many democracies, increasing political competition has changed the traditional party system and brought new parties into the political arena. This study examines whether the presence of politicians from new parties affects the size of government (measured by public spending and tax revenue). The study focuses on Colombian municipalities, where new parties have been numerous and successful in recent years. Regression discontinuity estimates show that public spending and tax revenues are sign...
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作者：van Benthem, Arthur
作者单位：University of Pennsylvania
摘要：When choosing his speed, a driver faces a trade-off between private benefits (time savings) and private costs (fuel cost and own damage and injury). Driving faster also has external costs (pollution, adverse health impacts and injury to other drivers). This paper uses large-scale speed limit increases in the western United States in 1987 and 1996 to address three related questions. First, do the social benefits of raising speed limits exceed the social costs? Second, do the private benefits of...
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作者：Koehne, Sebastian; Kuhn, Moritz
作者单位：Stockholm University; Leibniz Association; Ifo Institut; University of Bonn; IZA Institute Labor Economics
摘要：This paper studies habit formation in consumption preferences in a dynamic Mirrlees economy. We derive optimal labor and savings wedges based on a recursive approach. We show that habit formation creates a motive for subsidizing labor supply and savings. In particular, habit formation invalidates the well-known no distortion at the top result. We demonstrate that the theoretical findings are quantitatively important: in a parametrized life-cycle model, average labor and savings wedges fall by ...
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作者：Cox, Caleb A.
作者单位：Durham University
摘要：I show how improper conditioning of beliefs can reduce contribution in public goods environments with interdependent values. I consider a simple model of a binary, excludable public good. In equilibrium, provision of the public good is good news about its value. Naive players who condition expectations only on their private information contribute too little, despite the absence of free-riding incentives. In a laboratory experiment, contributions indeed fall short of the equilibrium prediction....
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作者：Laun, Tobias; Wallenius, Johanna
作者单位：Uppsala University; Stockholm School of Economics
摘要：Sweden is one of the few Western economies to have undertaken a large pension reform in recent years. This was done with great expectations, but little formal analysis. In this paper we develop a life cycle labor supply model to quantify the predicted labor supply implications of this reform. In our framework, individuals choose when to stop working and, given eligibility criteria, when/if to apply for disability and pension benefits. Agents are heterogeneous in skills and receive exogenous sh...
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作者：Devereux, Michael P.; Fuest, Clemens; Lockwood, Ben
作者单位：University of Oxford; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); University of Warwick
摘要：This paper synthesizes and extends the literature on the taxation of foreign source income in a framework that covers both greenfield and acquisition investment, and a general constraint linking investment at home and abroad for the multinational by introducing a cost of adjustment for the mobile factor. Unless the cost of adjustment is zero, the domestic tax on foreign-source income should always be set to ensure the optimal allocation of the mobile factor between domestic and foreign assets ...
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作者：Halberstam, Yosh; Montagnes, B. Pablo
作者单位：University of Toronto; University of Chicago
摘要：We show that senators elected in presidential elections are more ideologically extreme than senators elected in midterm elections. This finding is in contrast to the literature suggesting that voters in presidential elections are more ideologically moderate than voters in midterm elections, To explain this incongruence, we propose a theory of spillover effects in which party labels enable voters to update their beliefs about candidates across contemporaneous races for office: unexpected suppor...
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作者：Hoffmann, Soenke; Mihm, Benedikt; Weimann, Joachim
作者单位：Otto von Guericke University
摘要：In a recent paper Konrad and Thum (2014) present a model that shows that unilateral pre-commitment reduces the likelihood of agreement in bilateral negotiations over the provision of a public good when parties have private information over their contribution costs. We test the model in a laboratory experiment paying particular attention to how behavioral motivations other than payoff-maximization affect the strength of the model's result. We find that the result is no longer statistically sign...
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作者：Agranov, Marina; Palfrey, Thomas R.
作者单位：California Institute of Technology
摘要：This paper reports results from a laboratory experiment that investigates the Meltzer-Richard model of equilibrium tax rates, inequality, and income redistribution. The experiment varies the amount of wage inequality and the political process used to determine tax rates. We find that higher inequality leads to higher tax rates; the effect is significant and large in magnitude. The tax rates and labor supply functions are both quantitatively close to the theory. The result is robust to the poli...
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作者：Egger, Peter H.; Wamser, Georg
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut; University of Nottingham; University of Oxford; Eberhard Karls University of Tubingen
摘要：Controlled foreign company (CFC) rules are frequently imposed by countries as part of their anti-tax-avoidance legislation. This paper aims at quantifying the impact of the German CFC rule on the universe of foreign investments held by German multinational firms. The German CFC legislation gives rise to a multi-dimensional regression discontinuity design, which allows us to estimate local average treatment effects along the dimensions determining treatment. Our results suggest a significant an...
