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作者：Schneider, F
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作者：Skinner, J
作者单位：University of Virginia; National Bureau of Economic Research
摘要：Traditional welfare cost estimates of tax subsidies for owner-occupied housing are less than 0.5% of GNP in the United States and Canada. This paper argues that these static measures understate the true cost of the tax subsidy. Increasing the capital income tax makes untaxed housing more valuable, delivering a windfall bonus to existing homeowners at the expense of future generations. This intergenerational transfer has real efficiency effects in the presence of pre-existing tax distortions. W...
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作者：Epple, D; Romano, RE
作者单位：Carnegie Mellon University; State University System of Florida; University of Florida
摘要：Public provision of a service coexists with private market provision. The quality of public provision is determined by majority vote. Preferences are not single peaked owing to the presence of private alternatives. We identify two cases. In one, majority voting equilibrium always exists and the median-income voter is pivotal. Ln the other, a necessary condition for equilibrium identifies the pivotal voter who must have income below the median. When equilibrium exists, a coalition of middle-inc...
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作者：Clark, AE; Oswald, AJ
作者单位：Universite PSL; Ecole Normale Superieure (ENS); Centre National de la Recherche Scientifique (CNRS); University of London; London School Economics & Political Science
摘要：This paper attempts to test the hypothesis that utility depends on income relative to a 'comparison' or reference level. Using data on 5,000 British workers, it provides two findings. First, workers' reported satisfaction levels are shown to be inversely related to their comparison wage rates. Second, holding income constant, satisfaction levels are shown to be strongly declining in the level of education. More generally, the paper tries to help begin the task of constructing an economics of j...
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作者：Janeba, E
摘要：In this paper a model of taxation of foreign source corporate income is developed when the output market is not perfectly competitive. Profit shifting policies, similar to those in the new trade literature, are also present in the case of foreign direct investment (FDI). There are, however, important differences to the new trade theory since in case of FDI, (i) corporate taxation and double taxation relief are the policy instruments rather than output or revenue taxes, (ii) countries are not s...
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作者：Che, YK
摘要：In large class litigation, courts often award judgments or make important decisions on the basis of the aggregate merit of the entire class and not upon the individual merit of each member. This so-called damage averaging practice provides different incentives to victims with different stakes to join a class action. When the defendant has complete information about each plaintiff's case, adverse selection, much like Akerlof's 'lemons' problem, arises in that low-stakes plaintiffs join the clas...
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作者：Inman, RP; Rubinfeld, DL
作者单位：National Bureau of Economic Research; University of California System; University of California Berkeley
摘要：The emerging economic federations of the European Union, Russia, and South Africa, along with the established federations in Australia, Canada, and the United States, confront the task of designing the institutions for federal fiscal policy. This paper reviews the literature on the design of tax policy in federalist economics. We conclude that taxation by lower level governments can lead to significant economic inefficiencies and inequities. The usual 'assignment' view of federalism recommends...
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作者：Huizinga, H
作者单位：Tilburg University
摘要：During the 1970s, developing countries differed widely in their regimes of source-based interest withholding taxes. This paper provides evidence on the relationship between interest rates paid by private LDC borrowers on international credits and the withholding tax regime. Pre-tax interest rates are estimated to increase significantly in withholding tax rates. The extent of the mark-up into higher pre-tax interest rates reflects the offsetting foreign tax credits that banks expect to receive....
