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This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417
We use minute-by-minute Bloomberg online status microdata during 2017-2021 to directly study how hard and soft information collection affects equity analyst performance. Collection of hard information, proxied by office workday length, is positively associated with the quantity and timeliness of...
Persistent link: https://www.econbiz.de/10014447257
A sender sends a signal about a state to a receiver who takes an action that determines a payoff. A moderator can block some or all of the sender's signal before it reaches the receiver. When the moderator's policy is transparent to the receiver, the moderator can improve the payoff by blocking...
Persistent link: https://www.econbiz.de/10014486247
There is limited causal evidence on the effects of different public procurement regulations on project quality and value-for-money for projects funded by national governments and foreign aid donors. This paper uses policy and experimental variation to study how two key contracting...
Persistent link: https://www.econbiz.de/10014226145
This lecture considers the case for consumer financial regulation in an environment where many households lack the …
Persistent link: https://www.econbiz.de/10012456648
India has a multitude of environmental regulations but a history of poor enforcement. Between 1996 and 2004, India's Supreme Court required 17 cities to enact Action Plans to reduce air pollution through a variety of command-and-control (CAC) environmental regulations. We compare the impacts of...
Persistent link: https://www.econbiz.de/10012456908
lagging reactions to regulation) and focusing both on levels and dynamic latent factors. We report both single breakpoint and …
Persistent link: https://www.econbiz.de/10012456931
We study a model in which corporate social responsibility (CSR) arises as a response to inefficient regulation. In our … attenuated through government regulation, which is set endogenously and may or may not be socially optimal. Governments may … choose suboptimal levels of regulation if they face lobbying pressure from companies. Companies can, in turn, hire socially …
Persistent link: https://www.econbiz.de/10012457304
Plan, which implements greenhouse gas regulation of power plants under the Clean Air Act, allows substantial regulatory … regulation and rate-based regulation. However, under rate-based standards the carbon price must equal the social cost of carbon …
Persistent link: https://www.econbiz.de/10012457408
We study how the strength of property rights to individual extractive firms affects a regulator's choice over exploitation rates for a natural resource. The regulator is modeled as an intermediary between current and future resource harvesters, rather than between producers and consumers, as in...
Persistent link: https://www.econbiz.de/10012457807