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作者:CORNES, R; SANDLER, T
作者单位:Iowa State University; Australian National University
摘要:This paper explores the comparative static properties of the impure public good model, in which a privately acquired activity jointly produces a public and a private good. The comparative statics are expressed in terms of familiar income and Hicks-compensated price responses. Unlike the pure public good model, the impure public model can display positively sloped reaction curves even in the absence of income effects. Comparative statics involve changes in price, or income, or the contributions...
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作者:TRANDEL, GA
摘要:This paper considers the manner in which an unequal distribution of consumers affects the commodity tax policies of neighboring jurisdictions. The paper uses a spatial model in which the residents of two states are distributed non-uniformly and employs a variety of assumptions about the behavior of governments and firms. Throughout, the paper shows that, at a Nash equilibrium in tax levels, the sparsely-populated state imposes a lower tax than does its densely-populated neighbor. The paper als...
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作者:SMITH, E
摘要:This paper analyzes the effects of wage and profit taxation in a simple search and bargaining model. Wage tax effects depend upon the level of unemployment benefits. If unemployment benefits are less than search costs or if benefits are taxed as income, then a wage tax decreases unemployment. It also decreases the wage, thereby overshifting the tax burden. Profit tax effects depend upon job entry. In the short run with a fixed number of jobs (filled jobs plus vacancies), a profit tax decreases...
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作者:GRUBER, J
作者单位:National Bureau of Economic Research
摘要:One popular explanation for the low rate of employee health insurance coverage is the presence of numerous state regulations which mandate that group health insurance plans must include certain benefits. By raising the minimum cost of providing any health insurance coverage, these mandated benefits make it impossible for firms which would have desired to offer minimal health insurance at a low cost to do so. I use data on insurance coverage among employees in small firms to investigate whether...
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作者:PIKETTY, T
摘要:This paper deals with the problem of compatibility between Pareto-optimality and equal-liberty (alias envy-freeness) in economies with production, seemingly closed after Pazner and Schmeidler's counter-examples. A simple Spence-Mirrlees-like condition (demanding that the less productive jobs are also marginally the harder in terms of well-being) is proposed, under which it is proved that allocations satisfying Pareto-optimality and equal-liberty always exist. This allows us to define a well-al...
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作者:JUNG, YH; SNOW, A; TRANDEL, GA
作者单位:University System of Georgia; University of Georgia
摘要:The theoretical literature on the relationship between the tax system and the 'underground' economy is extended using a model similar to the one examined by Watson (Journal of Public Economics, 1985, 27, 231-246), in which tax evasion is possible in one sector of the economy, but is impossible in the other. We prove that a rise in the tax rate increases (decreases) the number of agents in the sector in which tax evasion is possible if preferences exhibit increasing (decreasing) relative risk a...
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作者:PEREIRA, AM
摘要:This paper explores the overall efficiency effects of ITCs in the context of a disaggregated dynamic general equilibrium simulation model of the U.S. economy. This model postulates forward-looking investment decisions, and allows for optimal government borrowing and financial crowding out. Simulation results confirm the conventional wisdom that ITCs are distortionary, but challenge the equally conventional wisdom that ITCs necessarily spur investment and GDP. In addition, results point to an i...
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作者:ECKSTEIN, Z; ZILCHA, I
作者单位:Tel Aviv University; Boston University
摘要:In this paper we consider an OLG model with productive capital and human capital affecting the quality of labor. In each generation parents invest in their children's education but disregard its external effect on the aggregate production function. Government intervention in providing compulsory schooling increases economic growth (along the equilibrium path), while the intragenerational income distribution becomes more equal. Also, in the long run, the majority of individuals in each generati...
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作者:STOLE, LA
摘要:Government mandated technology transfers from the developer of a product to a second source offer a potential gain of reduced information rents and procurement costs. To provide appropriate incentives, technology must sometimes be transferred even when the second source is less efficient than the first. Additionally, when developer moral hazard exists with respect to investments in cost-reducing technology, the optimal auction will make the developer's success in the auction more sensitive to ...
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作者:STRAWCZYNSKI, M
摘要:A subsequent generations model is used in order to characterize consumption allocation under the future generation's income uncertainty. Altruistic concerns towards future generations give rise to 'precautionary bequests' which act as a hedge on risk. It is shown that given a first-order correlation between mean future income and the present generation's income, government can provide a Pareto improvement through a tax-transfer policy with universal participation. This policy acts as a substit...