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The General Equilibrium Effects of Inflation on Housing Consumption and Investment
Berkovec, James - 1989
household. General equilibrium simulation results indicate that inflation does not necessarily increase total owner housing. Top …
Persistent link: https://www.econbiz.de/10012476231
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Tax and Subsidy Combinations for the Control of Car Pollution
Fullerton, Don - 2000
Despite technological advances, an individual car's emissions still cannot be measured reliably enough to impose a Pigovian tax. This paper explores alternative market incentives that could be used instead. We solve for second-best combinations of uniform taxes on gasoline, engine size, and...
Persistent link: https://www.econbiz.de/10012470976
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A Tax on Output of the Polluting Industry is Not a Tax on Pollution : The Importance of Hitting the Target
Fullerton, Don - 1999
We explore the effects of environmental taxes that imprecisely target pollution. A review of actual policies indicates few (if any) examples of a true tax on pollution. More typically, environmental taxes target an input or output that is correlated with pollution. We construct a simple...
Persistent link: https://www.econbiz.de/10012471531
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Can Taxes on Cars and on Gasoline Mimic an Unavailable Tax on Emissions?
Fullerton, Don - 1999
A tax on vehicle emissions can efficiently induce all of the cheapest forms of abatement. Consumers could drive less, buy a smaller car with better gas mileage, use cleaner gasoline, and repair pollution control equipment (PCE). However, the technology is not yet available to measure and tax...
Persistent link: https://www.econbiz.de/10012471742
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Infant-Industry Protection Reconsidered : The Case of Informational Barriers to Entry
Grossman, Gene M. - 1987
In industries with imperfect consumer information, the lack of a reputation puts latecomers at a competitive disadvantage vis-a-vis established firms. We consider whether the existence of such informational barriers to entry provides a valid reason for temporarily protecting infant producers of...
Persistent link: https://www.econbiz.de/10012476910
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Foreign Counterfeiting of Status Goods
Grossman, Gene M. - 1986
We study the positive and normative effects of counterfeiting, i.e.,trademark infringement, in markets where consumers are not deceived by forgeries.The fact that consumers are willing to pay more for counterfeits than for generic merchandise of similar quality suggests that they value the...
Persistent link: https://www.econbiz.de/10012477159
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The Impact of Fundamental Tax Reform on the Allocation of Resources
Fullerton, Don - 1986
Recent proposals for fundamental tax reform differ in their relative emphasis on interasset, intersectoral, interindustry, and intertemporal distortions. The model in this paper addresses these multiple issues in the design of taxes on capital incomes. It is capable of measuring the net effects...
Persistent link: https://www.econbiz.de/10012477171
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Dynamic R&D Competition
Grossman, Gene M. - 1985
We study a simple, two-stage, stochastic patent race involving two firms. We examine the behavior of the participants as they gain the lead or fall behind in the race. We find that the leader engages in R&D more intensively than does the follower, and that both firms intensify their efforts if...
Persistent link: https://www.econbiz.de/10012477406
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Optimal Dynamic R&D Programs
Grossman, Gene M. - 1985
We study the optimal pattern of outlays for a single firm pursuing an R&D program over time. In the deterministic case, (a) the amount of progress required to complete the project is known, and (b) the relationship between outlays and progress is known. In this case, it is optimal to increase...
Persistent link: https://www.econbiz.de/10012477422
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The Indexation of Interest, Depreciation, and Capital Gains : A Model ofInvestment Incentives
Fullerton, Don - 1985
-occupied housing. It finds that the current system is characterized by effective tax rates that increase with inflation for some assets … and decrease with inflation for other assets. Overall rates fall with inflation, and the corporate tax is completely …-emerges, effective tax rates are considerably more uniform, and the interference of inflation is virtually eliminated …
Persistent link: https://www.econbiz.de/10012477425