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Legal Uncertainty as a Welfare Enhancing Screen
Lang, Matthias - 2016
Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...
Persistent link: https://www.econbiz.de/10012977556
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The Value of Technology Improvements in Games with Externalities : A Fresh Look at Offsetting Behavior
Hoy, Michael - 2015
How should we evaluate the welfare implications of improvements to safety technologies in the presence of offsetting behavior? We model this problem as a symmetric game in which each player's payoff depends on his own action and the average action of the other players, and analyze under which...
Persistent link: https://www.econbiz.de/10013033346
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Efficiency of screening and labor income inequality
Eckwert, Bernhard; Zilcha, Itzhak - In: Journal of public economic theory 10 (2008) 1, pp. 77-98
Persistent link: https://www.econbiz.de/10003654356
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Risk Sharing in Defined-Contribution Funded Pension Systems
Beetsma, Roel M. W. J. - 2011
This paper explores the introduction of collective risk-sharing elements in defined contribution pension contracts. We consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate welfare, as measured by equivalent variations. While...
Persistent link: https://www.econbiz.de/10013118167
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Endogenous Public Information and Welfare in Market Games
Vives, Xavier - 2016
This paper performs a welfare analysis of economies with private information when public information is endogenously … in information). The reason is that the market in general does not internalize the informational externality when public … statistics (e.g., prices) convey information. Under strategic substitutability, equilibrium prices will tend to convey too little …
Persistent link: https://www.econbiz.de/10013008600
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Taxation and Corporate Risk-Taking
Langenmayr, Dominika - 2017
We study whether the corporate tax system provides incentives for risky firm investment. We analytically and empirically show two main findings: first, risk-taking is positively related to the length of tax loss periods because the loss rules shift some risk to the government; and second, the...
Persistent link: https://www.econbiz.de/10012950288
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Capital accumulation and fiscal policy in an OLG model with family altruism
Lambrecht, Stéphane; Michel, Philippe; Thibault, Emmanuel - In: Journal of public economic theory 8 (2006) 3, pp. 465-486
Persistent link: https://www.econbiz.de/10003359135
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Effort and performance in public policy contests
Epstein, Gil S.; Nitsan, Shemuʾel - In: Journal of public economic theory 8 (2006) 2, pp. 265-282
Persistent link: https://www.econbiz.de/10003319430
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Unemployment insurance under moral hazard and limited commitment : public versus private provision
Thomas, Jonathan P.; Worrall, Timothy - In: Journal of public economic theory 9 (2007) 1, pp. 151-181
Persistent link: https://www.econbiz.de/10003414034
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A case for bundling public goods contributions
Ghosh, Suman; Karajvanov, Alexander K.; Oak, Mandar - In: Journal of public economic theory 9 (2007) 3, pp. 425-449
Persistent link: https://www.econbiz.de/10003467348