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Risk, Temptation, and Efficiency in the One-Shot Prisoner's Dilemma
Gaechter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021
The prisoner’s dilemma (PD) is arguably the most important model of social dilemmas, but our knowledge about how a PD’s material payoff structure affects cooperation is incomplete. In this paper we investigate the effect of variation in material payoffs on cooperation, focussing on one-shot...
Persistent link: https://www.econbiz.de/10013312072
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Optimal Redistributive Wealth Taxation When Wealth is More than Just Capital
Franks, Max - 2020
We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find …
Persistent link: https://www.econbiz.de/10012841621
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Labour disputes and the game of legal representation
Fraisse, Henri - 2010
This paper explores the prisoner's dilemma that may result when workers and firms are involved in labour disputes and must decide whether to hire a lawyer to be represented at trial. Using a representative data set of labour disputes in the UK and a large population of French unfair dismissal...
Persistent link: https://www.econbiz.de/10010270486
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Intelligence, Errors and Strategic Choices in the Repeated Prisoners' Dilemma
Proto, Eugenio - 2020
evolutionary game theory model, where higher IQ among subjects determines - through better working memory - a lower frequency of …
Persistent link: https://www.econbiz.de/10012842383
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Top Incomes and Top Taxes in Germany
Corneo, Giacomo - 2006
We analyze the distribution and taxation of top incomes in Germany during the 1990s on the basis of individual tax returns data. We derive a measure of economic income from taxable gross income as reported in the tax returns. Thanks to complete sampling, we can deliver a very precise description...
Persistent link: https://www.econbiz.de/10012781544
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Salience of Inherited Wealth and the Support for Inheritance Taxation
Bastani, Spencer - 2019
We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in … aggregate importance of inherited wealth and its link to inequality of opportunity significantly increases the support for …. Changes in the perceived economic importance of inherited wealth and altered views on whether luck matters most for economic …
Persistent link: https://www.econbiz.de/10012892104
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Taxation and the Superrich
Scheuer, Florian - 2019
This paper addresses the modern optimal tax progressivity literature, which clarifies the key role of the behavioral response to taxation and accounts for the incomes of the superrich being qualitatively different than others. Some may be "superstars," for whom small differences in talent are...
Persistent link: https://www.econbiz.de/10012861454
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Dynamic Spending Responses to Wealth Shocks : Evidence from Quasi-Lotteries on the Stock Market
Andersen, Asger Lau; Johannesen, Niels; Sheridan, Adam - 2021
How much and over what horizon do households adjust their consumption in response to stock market wealth shocks? We …
Persistent link: https://www.econbiz.de/10013219064
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Wealth and its Distribution in Germany, 1895-2018
Albers, Thilo N. H.; Bartels, Charlotte; Schularick, Moritz - 2022
insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …
Persistent link: https://www.econbiz.de/10013289690
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Alternatives to Paying Child Benefit to the Rich : Means Testing or Higher Tax?
Apps, Patricia F. - 2020
Transferring public benefits to people in no need of them appears to be a waste of public money. Thus, there seems to be support for a move away from universal child benefits and towards means testing. This study presents a critique of this overly-simplistic view and proposes a very simple...
Persistent link: https://www.econbiz.de/10012828975