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作者：Polinsky, AM; Shavell, S
作者单位：Stanford University; Harvard University; National Bureau of Economic Research
摘要：We analyze corruption in law enforcement: the payment of bribes to enforcement agents, threats to frame innocent individuals in order to extort money from them, and the actual framing of innocent individuals. Bribery, extortion, and framing reduce deterrence and are thus worth discouraging. Optimal penalties for bribery and framing are maximal, but, surprisingly, extortion should not be sanctioned. The state may also combat corruption by paying rewards to enforcement agents for reporting viola...
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作者：Ihori, T
作者单位：University of Tokyo
摘要：This paper investigates the effect of wealth taxation on economic growth using an endogenous growth model with the altruistic bequest motive. We introduce intragenerational productivity differentials of human capital formation, resulting in differences of growth rates among individuals. The economy is divided into two groups; those who leave bequests to physical capital investment and those who leave bequests to human capital investment. An increase in taxes on life cycle savings will reduce t...
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作者：Bradbury, JC; Crain, WM
作者单位：George Mason University; University System of Georgia; North Georgia College & State University
摘要：The Law of 1/n posits that an increase in the number of elected representatives fuels excessive government spending. Despite its wide acceptance as a stylized fact, the Law of 1/n has received only limited empirical scrutiny, and the existing evidence for the American States provides mixed support for the thesis. This paper examines the Law of I In in bicameral and unicameral legislative structures using a cross-section of democratic countries. The results indicate that legislative size matter...
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作者：Guttman, JM
作者单位：Bar Ilan University
摘要：This paper presents a model of the emergence of cooperative social norms in a society composed exclusively of rational agents. Following Kreps et al. [Kreps, D.M., Milgrom, P., Roberts, J., Wilson, R., 1982. Rational cooperation in the finitely repeated Prisoners' Dilemma. Journal of Economic Theory 27, 245-252], opportunistic agents are assumed to uphold cooperative norms in order to maintain reputations for being trustworthy - reputations which are necessary in order to find partners in mutu...
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作者：Bird, EJ
作者单位：California State University System; California State University Fullerton
摘要：In cross-national data on individual and country-level characteristics, the variance of log annual income is shown to correlate positively with indicators of redistribution. The database comes from the Panel Comparability (PACO) project, which provides uniquely comparable cross-national panel data, including both Eastern and Western Europe and the US. A random effects permanent income regression is used to estimate income variance. The variance,estimates are then regressed on individual and co...
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作者：Rubio, SJ; Escriche, L
作者单位：University of Valencia
摘要：This paper uses Wirl's [Wirl, F., 1995. The exploitation of fossil fuel under the threat of global warming and carbon taxes: A dynamic game approach. Environmental and Resource Economics, 5, 333-352.] model designed to analyze the long-term bilateral interdependence between a resource-exporting cartel and a coalition of resource-importing country governments for investigating under what conditions a carbon tax would make it possible for the coalition to appropriate part of the cartel's profits...
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作者：Brueckner, JK
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Illinois System; University of Illinois Urbana-Champaign
摘要：This paper offers an analysis of tax increment financing (TIF), adding to a small theoretical literature on this important fiscal instrument. The analysis exploits the theoretical connection between property values and public-good levels, which is the subject of a large literature in local public finance. Using this approach, the paper shows that localized public improvements are likely to be opposed by property owners outside the affected area, who pay higher property taxes with no offsetting...
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作者：Jousten, A
作者单位：Universite Catholique Louvain; Universite Libre de Bruxelles
摘要：In this paper we introduce a linear bequest motive into a standard life-cycle model, both allowing for credit and annuity market imperfections. First, we characterize the consumption and wealth processes. We find that consumption is non-increasing in the linear bequest parameter for the simplest certainty case, but that the same is not true for life-span uncertainty. Second, we study the issue of annuity valuation. For a sufficiently strong bequest motive, the true value of an annuity is equal...
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作者：Baicker, K
作者单位：Dartmouth College
摘要：This paper analyzes the effects of federally-mandated program changes on state spending and revenues, incorporating and evaluating the predictive value of several common theories of the state decision-making process. Using several sources of exogenous increases in public medical spending, I estimate that the entire state portion of the burden of mandated spending is borne by decreases in other public welfare spending. While federal mandates may influence the composition of benefits at the stat...
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作者：Ball, S; Feltenstein, A
作者单位：Virginia Polytechnic Institute & State University; International Monetary Fund
摘要：This work employs a dynamic general equilibrium model to evaluate the causes and implications of bank insolvencies. We apply the model to stylized data from Bangladesh, a country whose banking system is currently suffering from large stocks of non-performing assets. The model is used to derive positive conclusions about alternative policy instruments designed to alleviate the impact of these insolvencies. A benchmark case is simulated using historical exogenous parameters. We then generate a b...
