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Markov perfect equilibrium
3
Optimale Besteuerung
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Theorie
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Kapitalertragsteuer
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labor supply
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optimal fiscal policy
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poisson process
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Angelopoulos, Konstantinos
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1
A Dynamic Model of Predation
Rey, Patrick
;
Spiegel, Yossi
;
Stahl, Konrad O.
-
2022
entrant exits, a new entrant is born with positive probability. We show that there always exists a
Markov
perfect
equilibrium
…
Persistent link: https://www.econbiz.de/10013353431
Saved in:
2
Time-consistent fiscal policy under heterogeneity: Conflicting or common interests?
Angelopoulos, Konstantinos
;
Malley, James R.
; …
-
2011
This paper studies the aggregate and distributional implications of Markov-perfect taxspending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main findings are: (i) it is optimal for a benevolent government, which cares equally about its...
Persistent link: https://www.econbiz.de/10010275851
Saved in:
3
Sustaining social security
Gonzalez-Eiras, Martin
;
Niepelt, Dirk
-
2005
intergenerational transfers naturally arise in a
Markov
perfect
equilibrium
, even in the absence of altruism, commitment, or trigger …
Persistent link: https://www.econbiz.de/10010261297
Saved in:
4
Strategic Experimentation: The Case of Poisson Bandits
Cripps, Martin W.
;
Keller, Godfrey
;
Rady, Sven
-
2002
This paper studies a game of strategic experimentation in which the players have access to two-armed bandits where the risky arm distributes lumpsum payoffs according to a Poisson process with unknown intensity. Because of free-riding, there is an inefficiently low level of experimentation in...
Persistent link: https://www.econbiz.de/10010315442
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