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作者：Pelloni, A; Waldmann, R
作者单位：University of Manchester; University of Sassari; G d'Annunzio University of Chieti-Pescara
摘要：In models with a capital spillover, the market outcome is not Pareto efficient since agents ignore the positive externalities caused by investment. One might conclude that taxes on investment or subsidies to consumption will reduce welfare. However, in a model of endogenous growth, either a small tax on capital income, whose proceeds are wasted, increases growth and welfare or a small marginal subsidy to consumption increases growth and welfare. Also if the tax on capital income does not incre...
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作者：Tian, GQ
作者单位：Texas A&M University System; Texas A&M University College Station
摘要：This paper considers the incentive aspect of the Balanced Linear Cost Share Equilibrium (BLCSE), which yields an endogenous theory of profit distribution for public goods economies with convex production technologies. We do so by presenting an incentive compatible mechanism which doubly implements the BLCSE solution in Nash and strong Nash equilibria so that Nash allocations and strong Nash allocations coincide with BLCSE allocations. The mechanism presented here allows not only preferences an...
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作者：Casamatta, G; Cremer, H; Pestieau, P
作者单位：Universite de Toulouse; University of Liege; Universite de Toulouse
摘要：This paper examines how the issue of political support affects the design of social insurance. It distinguishes between redistributive character and size of social protection. Three main results emerge. First, it may be appropriate to adopt a system which is less redistributive than otherwise optimal, in order to ensure political support for an adequate level of coverage in the second (voting) stage. Second, supplementary private insurance may increase the welfare of the poor, even if it is ef...
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作者：Francois, P
作者单位：Tilburg University; Tilburg University; Queens University - Canada; University of Melbourne
摘要：A public service motivation (PSM) inclines employees to provide effort out of concern for the impact of that effort on a valued social service. Though deemed to be important in the literature on public administration, this motivation has not been formally considered by economists. When a PSM exists, this paper establishes conditions under which government bureaucracy can better obtain PSM motivated effort from employees than a standard profit maximizing firm. The model also provides an efficie...
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作者：Morduch, J; Sicular, T
作者单位：Western University (University of Western Ontario); Princeton University
摘要：Economic reform is often constrained because rank-and-file bureaucrats responsible for implementation have vested interests that oppose change. Drawing on an unusual longitudinal survey data set for a representative rural county in northern China, we show an alternative, positive scenario consistent with the presence of an implicit, performance-based incentive contract that ties the household incomes of local officials to market liberalization, increases in consumer demand, and the provision o...
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作者：Brueckner, JK
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Illinois System; University of Illinois Urbana-Champaign
摘要：This paper analyzes a Tiebout/tax-competition model, where heterogeneity of consumer preferences is introduced into a standard tax-competition framework. Following the modern Tiebout tradition, consumer sorting in the model is achieved through the activities of profit-maximizing community developers. Once sorting is achieved, the equilibrium is equivalent to that in a standard tax-competition model with immobile, but heterogeneous, consumers. A principal lesson of the analysis is that, under c...
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作者：De Borger, B
作者单位：University of Antwerp
摘要：In this paper we study welfare-optimal two-part tariffs in a model of discrete choice. The determinants of the sign and magnitude of the fixed and variable tax are analysed in terms of the nature and degree of consumer heterogeneity, the price sensitivities of participation probabilities and conditional demands, and the nature of distributional concerns. In the absence of distributional concerns, the model generalises the 'corrected' Ramsey rule for the variable tax and it shows that, in the a...
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作者：Gruber, J
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要：While there has been considerable research on the disincentive effects of cash welfare under the Aid to Families with Dependent Children (AFDC) program, there is Little evidence on the benefits of the program for single mothers and their children. One potential benefit of this program is that it provides short-run consumption insurance for women at the point that they become single mothers. This is only true, however, to the extent that the program is not crowding out other sources of support,...
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作者：Souleles, NS
作者单位：University of Pennsylvania
摘要：Despite the high cost of college, there has been little study of the adequacy of household savings and other resources available to fund college. To gauge their adequacy this paper examines households' standard of living as they pay for college. Using the Consumer Expenditure Survey, the main finding is that households appear to do a relatively good job smoothing their consumption into the academic year, despite large expenses. This is consistent with the Life-Cycle Theory of saving and consum...
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作者：Teng, J
作者单位：Academia Sinica - Taiwan
摘要：Taxation and state enforcement of property rights share many common resources. Both are involved in determining the revenue of the state. Due to these interactions, taxation and property rights enforcement of a proprietary state are complementary. Any change in the administrative capacity of the state that increases the taxation rate also increases the level of property rights enforcement, and vice versa. The capacity and incentive of the proprietary state to tax are also essentially the capac...
