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作者：NELISSEN, JHM
摘要：This paper looks at how the Dutch General Old-Age Pensions Act impacts the distribution of equivalent lifetime income, using a dynamic cross-sectional microsimulation model. Considering both vertical and horizontal redistributional effects, the paper shows that lifetime redistribution is considerably smaller than the redistribution measured on the basis of a period approach. The horizontal lifetime redistribution is more important than the vertical one, but this effect is rather limited, in pa...
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作者：ARMSTRONG, M; COWAN, S; VICKERS, J
作者单位：University of Oxford; University of Southampton
摘要：This paper analyzes profit-maximizing nonlinear pricing by a firm that is subject to price cap regulation. Two forms of regulatory constraint are considered: (i) a cap on the firm's average revenue, and (ii) a constraint that the firm must continue to offer each consumer the option of buying at the uniform price. Optimal nonlinear price schedules in these regimes are shown to have simple characterizations that are related to the nonlinear tariffs that an unregulated monopolist would charge. Of...
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作者：HOWITT, P; WINTROBE, R
作者单位：Western University (University of Western Ontario)
摘要：This paper develops a simple model of political inaction in a two-party democracy, i.e. it shows the conditions under which both parties will prefer to live with an unsatisfactory and inefficient status quo rather than to raise an issue. The risk of raising the issue to either party is the fear of ending up with the other party's policy (for example, by losing the election), regarded as even worse than the status quo. The model shows that the problem is likely to be particularly serious, the m...
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作者：CHAKRAVORTI, B
摘要：We study dynamic procedures for the provision of an efficient level of a public good with time-dependent surplus distribution. In general, such procedures are prone to manipulation via pre-play communication among coalitions of agents. We begin with a generalization of Truchon's (Econometrica, 1984, 52, 1179-1190) elegant non-myopic MDP procedure and provide a new procedure that exhibits finite, monotone convergence to Pareto-efficiency in Subgame-Perfect Coalition-proof equilibrium. This proc...
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作者：LOCKWOOD, B
作者单位：Centre for Economic Policy Research - UK
摘要：This paper considers a problem of multi-firm regulation where the regulator cannot make monetary transfers to or from firms. Otherwise, the set-up is standard; two firms charging two-part tariffs sell in separate markets, and marginal costs are private information. Without transfers, the regulator faces an additional consumer participation constraint that the representative consumer must wish to participate in the market in all states. The paper studies the second-best optimal regulatory schem...
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作者：DUCLOS, JY
摘要：We discuss the modelling of the take-up of state support by going beyond the standard analysis and recognising that both the researcher and the welfare agency make errors is assessing entitlement. We apply the discussion to an examination of the take-up of Supplementary Benefits in Britain. By explicitly modelling the costs to taking up state support, we can illustrate how these costs can dampen the welfare impact of state support and mitigate or aggravate welfare agency errors in assessing en...
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作者：AUSTIN, DA
摘要：This paper investigates threats of coordinated exit (secession) when coalitions cannot choose their members by exclusion. This is modeled by a three-stage noncooperative game in which voters choose a proportional tax rate and the level of public services, and may choose to exit jointly. A modified Perfectly Coalition-Proof Nash concept is applied to rule out dynamically inconsistent threats and behavior by coalitions that is not self-enforcing. The major result is that cooption of potential se...
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作者：OREILLY, T
摘要：Bradford and Hildebrandt show that under certain conditions preferences for public goods can be inferred from the demand for complementary private goods. They conjecture that their method overcomes consumers' incentives to misrepresent their public goods preferences, but this paper shows that in general this is not the case.
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作者：JOHN, A; PECCHENINO, R; SCHIMMELPFENNIG, D; SCHREFT, S
作者单位：Michigan State University; United States Department of Agriculture (USDA); Federal Reserve System - USA; Federal Reserve Bank - Richmond
摘要：Actions that affect environmental quality both influence and respond to macroeconomic variables. Furthermore, many environmental and macroeconomic consequences of current actions will have uncompensated effects that outlive the actors. This paper presents an overlapping-generations model of environmental externalities and capital accumulation. Policies pursued by short-lived governments that affect capital accumulation and environmental quality, although myopically optimal, fail to internalize...
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作者：KONISHI, H
摘要：This paper analyzes the welfare effects of commodity tax reform in an economy with a nonlinear income tax and linear commodity taxes. The main result is that we can find a tax reform program that improves every consumer's utility in the Pareto sense unless efficiency loss in the economy is minimized under incentive compatibility. The tax reform rule proposed here applies to a broad class of economies with arbitrary smooth income taxes. The expenditure function approach makes our analyses clear...
