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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...
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作者：KAPLOW, L
作者单位：National Bureau of Economic Research
摘要：Altruistically motivated gifts involve a species of consumption externality. Donors obtain an altruistic benefit from the effect of their gifts on donees' utility but do not take into account that the benefit to donees is itself relevant to social welfare. The level of gift-giving thus will be lower than is optimal. A subsidy can correct this problem, while compulsory transfers (assuming the state lacks information about who is altruistic) and bargaining between donors and donees cannot. The r...
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作者：HARCHAOUI, TM; LASSERRE, P
作者单位：University of Quebec; University of Quebec Montreal
摘要：We investigate the impact of taxation on a sample of Canadian copper mines based on a 'putty clay' model, i.e. focusing on plant creations and major capacity changes. Our theoretical analysis shows that the cost of capital differs in such an instance from its counterpart under a flexible neoclassical technology, particularly in the way the resource rent component enters the formula. Besides the influence of geological variables, our econometric results establish the effect of (net of federal, ...
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作者：HINES, JR
摘要：Many governments tax the foreign income of their firms, using a system that grants credits for foreign taxes paid and permits tax deferral for unrepatriated income. This paper shows that such tax systems encourage firms to restrict their equity stakes in new foreign investments, and to finance their new investments with considerable debt. These incentives exist even when transfer price regulation effectively limits the profit rates foreign subsidiaries can earn. The behavior of the foreign sub...
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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：KUEHLWEIN, M
摘要：Before 1976, the affluent transferred most of their wealth to their heirs through bequests, not gifts even though gifts faced lower statutory tax rates. This suggests the affluent were not acting altruistically. However, bequests had the advantage that unrealized capital gains were forgiven at the moment of transfer. Taking this into account, I derive true marginal gift and estate tax rates. Contrary to previous research, I find that the affluent failed to equalize these true rates, both befor...
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作者：TURNOVSKY, SJ; OKUYAMA, T
作者单位：National Bureau of Economic Research
摘要：It is sometimes argued that the favorable tax treatment afforded to housing may lead to an oversupply of housing at the expense of capital. This issue is examined in the context of a growing two-sector economy. In the basic model where the rate of time preference is constant and labor is instantaneously sectorally mobile, the long-run response of the capital stock to a tax on housing depends upon the relative capital intensities of the two sectors, while the long-run relative asset price of ho...
