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Capital Gains Taxation in an Economy with an "Austrian Sector"
Kovenock, Daniel J. - 1981
This paper examines the effects of a proportional capital gains tax in an economy with an Austrian sector (with wine and trees) and an ordinary sector. We analyze the effect of capital gains taxation (on both an accrual and a realization basis) on the efficiency with which resources are used...
Persistent link: https://www.econbiz.de/10012478357
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The Austrian Theory of the Marginal Use And of Ordinal Marginal Utility
McCulloch, J. Huston - 1977
The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal utility (as derived from the marginal use) is not dependent on cardinal utility, and indeed is consistent with "intrinsically ordinal" utility. In this system, diminishing...
Persistent link: https://www.econbiz.de/10012478959
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Interest Rates and World Trade : An 'Austrian' Perspective
Antràs, Pol - National Bureau of Economic Research - 2023
This paper develops a framework to study the interplay between world trade and interest rates. The model incorporates an explicit notion of time and of production length, along the lines of the 'Austrian' tradition of Böhm-Bawerk (1889). Changes in the interest rate affect production lengths,...
Persistent link: https://www.econbiz.de/10013537738
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An 'Austrian' Model of Global Value Chains
Antràs, Pol - National Bureau of Economic Research - 2023
I develop a stylized model of multi-stage production in which the time length of each stage is endogenously determined. Letting the production process mature for a longer period of time increases labor productivity, but it comes at the cost of higher working capital needs for firms. Under...
Persistent link: https://www.econbiz.de/10013537793
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Consumption Externalities and Diffusion in Pharmaceutical Markets : Antiulcer Drugs
Berndt, Ernst R. - 2000
We examine the role of consumption externalities in the demand for pharmaceuticals at both the brand level and over a … equations describing the dynamic adjustment process. We find that consumption externalities influence both valuations and rates …
Persistent link: https://www.econbiz.de/10012470978
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Tax Externalities of Equity Mutual Funds
Shoven, John B. - 2000
capital gain position of the fund. This paper's simulations show that these externalities are important determinants of the …
Persistent link: https://www.econbiz.de/10012471098
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External Treatment Effects and Program Implementation Bias
Philipson, Tomas J. - 2000
This paper discusses the definition and identification of external treatment effects and experimental designs capable of detecting these effects. External effects occur when the outcome of a given individual is affected by the treatment assignments of other individuals. The paper argues that...
Persistent link: https://www.econbiz.de/10012471322
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Preference Externalities : An Empirical Study of Who Benefits Whom in Differentiated Product Markets
Waldfogel, Joel - 1999
externalities', an increase in the size of the market brings forth additional products valued by others with similar tastes. But who … benefits whom? We examine the patterns of and mechanisms for preference externalities between black and white and between … preference externalities are large and positive within groups, they are small and possibly negative across groups. For example …
Persistent link: https://www.econbiz.de/10012471394
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The Environmental Regime in Developing Countries
Jha, Raghbendra - 1999
This paper discusses the environmental externalities that are commonly found in the developing world (the environmental …
Persistent link: https://www.econbiz.de/10012471479
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Vertical Externalities in Tax Setting : Evidence from Gasoline and Cigarettes
Besley, Timothy J. - 1999
A common feature of federal systems is that tax bases are joint property. Consequently, state and federal tax setting decisions are interdependent. Our aim here is to put forward a rudimentary theoretical analysis of this phenomenon, and to use the theory as a framework for econometrically...
Persistent link: https://www.econbiz.de/10012471813