1997

最新文章

• Taxation, wage controls and the informal sector AI翻译
  作者：Fortin, B; Marceau, N; Savard, L
  作者单位：Laval University; University of Quebec; University of Quebec Montreal; University of Quebec; University of Quebec Montreal
  摘要：In this paper, we study the effects of taxation and wage controls in a developing economy with an informal sector. For that purpose, we build a model with firm heterogeneity, in which a formal and an informal sector endogenously emerge in some productive branches of the economy. Based on the assumption that the marginal cost of tax and regulation evasion increases with the size of the firm, our model offers an explanation for the observed discontinuity in the distribution of firms size (the 'm...
• Club Theory Symposium - Introduction AI翻译
  作者：[Anonymous]
• Progressive taxes, equity, and human capital accumulation in an endogenous growth model with overlapping generations AI翻译
  作者：Bovenberg, AL; vanEwijk, C
  作者单位：Tilburg University; University of Amsterdam
  摘要：This paper explores the trade-off between efficiency and intra- and intergenerational equity in an endogenous growth model of an open economy with overlapping generations and human capital accumulation. We demonstrate that progressive taxes hurt long-run growth and exacerbate distortions associated with intergenerational spillovers. However, by raising saving, these taxes strengthen the net foreign asset position.
• The numeraire matters in cost-benefit analysis AI翻译
  作者：Brekke, KA
  摘要：The choice of numeraire is shown to be important in cost-benefit analysis. When a public good is involved, individual consumers' marginal rates of substitution will generally differ. Thus, the less valuable the numeraire is to a person, the higher the number required to express his net benefit, and the more will his interest weigh in the total sum. The choice of money as numeraire is systematically favourable to those who value money the least, relative to alternative numeraires. (C)1997 Elsev...
• Health insurance and the welfare of health care consumers AI翻译
  作者：Chiu, WH
  摘要：We show that, given the close linkage between the health insurance and the health care industries as well as other special characteristics of conventional health insurance, the introduction of conventional health insurance will reduce consumers' welfare if the supply of health care is sufficiently price-inelastic.
• Environmental tax reform and endogenous growth AI翻译
  作者：Bovenberg, AL; deMooij, RA
  作者单位：Tilburg University; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
  摘要：This paper explores how an environmental tax reform impacts pollution, economic growth and welfare in an endogenous growth model with pre-existing tax distortions. We find that a shift in the tax mix away from output taxes towards pollution taxes may raise economic growth through two channels. The first channel is an environmental production externality, which determines the positive effect of lower aggregate pollution on the productivity of capital. The second channel is a shift in the tax bu...
• Politicians' decision making with re-election concerns AI翻译
  作者：Biglaiser, G; Mezzetti, C
  作者单位：University of North Carolina; University of North Carolina Chapel Hill
  摘要：We study the impact of elected officials' re-election concerns on their decisions on whether to undertake new projects. The value of a project to a jurisdiction depends in part on its elected official's uncertain ability at providing some public goods. Our main result is that the elected official's willingness to pay for the project differs from voters' willingness to pay. If the incumbent official expects to lose (win) the election, then she is willing to pay more (less) than the project's to...
• Does external funding of academic research crowd out institutional support? AI翻译
  作者：Connolly, LS
  摘要：Nonprofit organizations receive revenues from a variety of sources. The amount of support provided by each source is often dependent on the level supplied by the other(s). Empirical evidence regarding crowding out among alternative sources of revenue in nonprofit organizations is mixed, but most studies find that an increase in funding from one of the sources tends to decrease contributions from the other(s). This paper investigates the relationship between internal and external funding of aca...
• Income convergence within an economic union: the role of factor mobility and coordination AI翻译
  作者：Razin, A; Yuen, CW
  作者单位：University of Hong Kong; National Bureau of Economic Research; Centre for Economic Policy Research - UK; Tel Aviv University
  摘要：In the context of a human-capital-based growth model, we show the essential role of labor mobility in equalizing income levels for countries that start off from different initial income positions. Human capital externalities cum labor mobility are the driving forces behind the income level equalization process. In a non-cooperative equilibrium, labor mobility will be limited and income level equality will not be achieved. Coordination will allow free mobility of labor within an economic union,...
• Negotiations in multi-issue committees AI翻译
  作者：Winter, E
  作者单位：Washington University (WUSTL)
  摘要：We propose a non-cooperative bargaining approach to the problem of collective decision making in committees by modelling this process as a sequential bargaining game. The main objective of the paper is to discuss the formation of the agenda in multi-issue committees, and its relation to the importance of the issues. We start by asserting that in the case of a single issue the set of all equilibrium outcomes of our game coincides with the set of coalitional stable outcomes. We then consider mul...