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作者：SWENSON, DL
作者单位：Duke University
摘要：This study empirically examines how taxes shape foreign direct investment, and finds that increased taxes spur inward foreign investment. This finding conforms with theories that recognize that foreign investor response is critically shaped by the tax provisions faced by the foreign investor in his home country, and by the effects of tax reform on pre-tax asset returns. We demonstrate that average tax rates may better proxy tax effects than do effective tax rates. Our findings are more robust ...
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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：SEITZ, H
摘要：This paper investigates the impact the provision of public capital has on the demand for private inputs using a cost function with public capital included as a fixed unpaid factor of production. The productivity effects of public capital provision are recovered by using duality theory. The model is applied to a panel of 31 two-digit industries of the West German manufacturing industry. It is shown that private and public capital are complements, whereas a substitutive relation emerges for labo...
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作者：DEBARTOLOME, CAM
作者单位：New York University
摘要：I explore the household weights in the Bergson-Samuelson social welfare functions which have a turning point at an efficient linear tax structure (the inverse optima). A tax structure is defined to be inequitable if every inverse optimum has weights that increase with household productivity over part of the productivity range. I find that the inequity of an efficient tax structure depends on the normality of leisure, on the number of households, and on the nature of household demands. An effic...
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作者：GROSSMAN, HI; NOH, SJ
作者单位：Hallym University
摘要：We develop a positive theory of public finance in which the objective of tax and spending policy is to extract rents for the incumbent ruler. The analysis shows how dependence of the incumbent ruler's survival probability on his tax and spending policy can lower the equilibrium tax rate and increase the equilibrium amount of spending on productive public services, but only until the minimum credible tax rate, which depends on the ruler's endogenous survival probability, becomes a binding const...
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作者：LUSKI, I; WETTSTEIN, D
作者单位：Ben-Gurion University of the Negev; Ben-Gurion University of the Negev; Western University (University of Western Ontario)
摘要：This paper considers an economy where a public good is provided via advertising. The consumers' preferences are represented using the 'characteristics' approach', and the advertising has a potentially enhancing effect on the characteristics' content of a given commodity. We define competitive equilibria and show they exist. The welfare properties of the resulting allocations are analyzed, and conditions for over- and under-production of the public good are provided.
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作者：CHATTERJEE, S
摘要：The evolution of the personal distribution of wealth in a standard neoclassical growth model is studied. If the economy is growing toward the steady state and preferences are such that marginal utility from consumption is infinite (finite) at some (all) positive (non-negative) consumption level(s), then the average saving propensity of agents is positively (negatively) related to their wealth. If the economy is decaying toward the steady state, these relationships are reversed. If wealth and a...
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作者：DANA, JD; SPIER, KE
作者单位：Harvard University; Dartmouth College
摘要：This paper considers government mechanisms for auctioning production rights in which both the winners and the market structure, duopoly (dual-sourcing), monopoly (sole-sourcing), or government-owned production, are a function of the bids. In designing the optimal mechanism, the government considers the tradeoffs among consumer surplus, producer surplus, and revenue. Under incomplete information, duopoly is implemented less frequently, and government production more frequently, than under compl...
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作者：ISAAC, RM; WALKER, JM; WILLIAMS, AW
作者单位：Indiana University System; Indiana University Bloomington; University of Arizona
摘要：New experimental evidence extending the investigation of free-riding behavior in public goods provision is presented. Procedures are developed to deal with the logistical problems inherent in experiments involving many subjects. Data from Voluntary Contribution Mechanism experiments are reported utilizing group sizes of 4, 10, 40 and 100. These experiments provide replicable results that contradict the widely held view that a group's ability to provide the optimal level of a pure public good i...
