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. We then study the implications of our findings for quantitative trade theory. Using likelihood methods and the EDD, we …
Persistent link: https://www.econbiz.de/10012890632
We estimate the marginal external congestion cost of motor-vehicle travel for Rome, Italy, using a methodology that accounts for hypercongestion (a situation where congestion decreases a road’s throughput). We show that the external cost – even when roads are not hypercongested...
Persistent link: https://www.econbiz.de/10012867018
This paper reexamines the design of the optimal lockdown strategy by paying attention to its robustness to the postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social criterion can, under some conditions, imply a COVID19...
Persistent link: https://www.econbiz.de/10013314954
Empirical welfare analyses often impose stringent parametric assumptions on individuals’ preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...
Persistent link: https://www.econbiz.de/10013228344
Economists recommend to partly redistribute gains to losers from a structural reform, which in many cases may be required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory transfers can support a Pareto-improving reform. This...
Persistent link: https://www.econbiz.de/10012892197
expenditures. An immediate implication is a recipe for designing Pareto-improving tax reforms. We apply our theory to housekeeping …
Persistent link: https://www.econbiz.de/10012866074
. We apply our theory and simulate a Pareto-improving reform that introduces deductions for non-care household services …
Persistent link: https://www.econbiz.de/10012861395
. We apply our theory and simulate a Pareto-improving reform that introduces deductions for non-care household services …
Persistent link: https://www.econbiz.de/10012828804
The recent international agreement on a minimum effective corporate tax rate marks a profound change in global tax arrangements. The appropriate level of that minimum, however, has been, and remains, extremely contentious. This paper explores the strategic responses to a minimum tax,...
Persistent link: https://www.econbiz.de/10013296266
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10013300870