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作者：Brennan, G; Pincus, JJ
作者单位：University of Adelaide; Australian National University
摘要：This paper shows that 'flypaper effects' can be observed for unconditional federal grants, even in the absence of agenda-setters, voting intransitivities, informational asymmetries, etc. In a simple representation of a regime of federal, general revenue grants, median citizen-voters are decisive over the levels of grants, taxation and spending. By assumption, federal grants received equal federal taxes paid in each recipient locality. The size of the federal grant varies endogenously with dema...
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作者：Sefton, M; Steinberg, R
作者单位：Purdue University System; Purdue University; Purdue University in Indianapolis
摘要：We contrast results from a laboratory experiment in voluntary contributions for a public good using two reward structures with interior equilibria. The first induces a set of Nash equilibria, all sharing the same total donations. The second induces a unique dominant-strategy equilibrium. Apparently, donor confusion over the Nash concept and coordination problems explain at most a small portion of the 'excessive' giving observed in those previous experiments that use an interior Nash design. Th...
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作者：Ruhm, CJ
作者单位：National Bureau of Economic Research
摘要：This paper investigates the relationship between pension coverage and the retirement behavior of older men. Pensions are associated with higher work involvement for males in their late fifties and early sixties but with lower rates of job holding for those aged 65-69. Age of entry into pension employment is shown to be positively correlated with future labor supply. When combined with evidence on age-specific changes in labor force participation rates, this pattern casts doubt on the hypothesi...
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作者：Voon, TJ
作者单位：Griffith University
摘要：In this paper, the social benefits from cost-reducing research in the presence of the price policies considered by Murphy ct al. (Journal of Public Economics, 1993, 51, 161-172) are reexamined. Specifically, the analysis incorporates the change in domestic consumer surplus in the appraisal of the research benefits.
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作者：Schweizer, U
摘要：Models of endogenous demographic change deal with population size as an additional object of the welfare analysis. In these models the overlapping-generations (OLG) model serves as the basic framework. In club theory, too, population size is treated as an endogenous variable. In local public goods (LPG) models, the so-called Henry George Theorem, which requires local public expenditures to be financed by a 100% tax on aggregate land rent, is known as a (first-order) condition for club efficien...
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作者：Razin, A; Yuen, CW
作者单位：Hong Kong University of Science & Technology; Tel Aviv University; Centre for Economic Policy Research - UK; National Bureau of Economic Research
摘要：We study the effects of capital income taxation on long-run growth in an endogenous growth framework with two distinguishing features: endogenous population and international capital mobility. Endogenizing population growth introduces a new channel for taxes to affect economic growth and enables us to discriminate the effects of taxes on total versus per capita income growth. Allowing for capital mobility in the open economy, we show how the effects of taxes on population growth and income gro...
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作者：Waldfogel, J
作者单位：National Bureau of Economic Research; Yale University
摘要：Different groups of people experience varying degrees of different externalities. By a government's choice of expenditures to control externalities, it affects different members of the population differently. These choices implicitly ''value'' the welfare of members of different groups. This paper adapts the framework developed by Ahmad and Stern (Journal of Public Economics, 1984, 25, 259-298) to infer welfare weights underlying a system of commodity taxation, to infer the welfare weights imp...
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作者：Reichlin, P; Siconolfi, P
作者单位：G d'Annunzio University of Chieti-Pescara; Columbia University
摘要：We study an overlapping generations model with production, asymmetric information and competitive financial intermediaries. Social security may be beneficial even when it should not be used under full information, unless credit rationing emerges with pooling contracts. In this case social security could be welfare reducing even when the safe rate of return falls short of population growth. We provide a full characterization of 'constrained Pareto efficient' allocations and prove that, when the...
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作者：Ghatak, A; Ghatak, S
作者单位：University of Leicester
摘要：In this paper we analyze the validity of the Ricardian equivalence (RE) theorem for a less developed country (LDC), i.e. India, for the period 1950-86. The RE theorem states that it is inconsequential whether a government deficit is financed by debt issue or by tax increases, since under certain conditions, the effect of government consumption on aggregate demand is orthogonal to the mode of financing fiscal deficits because rational economic agents consider today's deficit financing as tomorr...
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作者：Wildasin, DE; Wilson, JD
作者单位：Indiana University System; Indiana University Bloomington; Vanderbilt University
摘要：This paper reconsiders the implications of land-value-maximizing local governments in an overlapping-generations model with imperfect mobility. Specifically, residents develop an 'attachment to place' or 'location-specific capital' once they reside in a town for a single time period. The analysis shows that attempts by governments to capture the resulting rents from less-mobile individuals create inefficient migration, leave all workers worse off in an ex ante sense, and place relatively high ...
