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Expected Net Present Value, Expected Net Future Value, and the Ramsey Rule
Gollier, Christian - 2013
Weitzman (1998) showed that when future interest rates are uncertain, using the expected net present value implies a term structure of discount rates that is decreasing to the smallest possible interest rate. On the contrary, using the expected net future value criterion implies an increasing...
Persistent link: https://www.econbiz.de/10013095951
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Optimum Commodity Taxation in Pooling Equilibria
Sheshinski, Eytan - 2021
This paper extends the standard model of optimum commodity taxation (Ramsey (1927) and Diamond-Mirrlees (1971)) to a competitive economy in which some markets are inefficient due to asymmetric information. As in most insurance markets, consumers impose varying costs on suppliers but firms cannot...
Persistent link: https://www.econbiz.de/10013317382
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Optimal Debt Bias in Corporate Income Taxation
Simon, Jenny - 2015
I present a rationale for a government to discriminate between debt and equity financing when taxing corporate income. For risk-averse entrepreneurs, equity generates more surplus than debt, because it provides financing and insurance. A government seeking to extract surplus from entrepreneurs...
Persistent link: https://www.econbiz.de/10013011801
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Cross-Border Loss Offset Can Fuel Tax Competition
Haufler, Andreas - 2013
Following recent court rulings, cross-border loss compensation for multinational firms will likely be introduced, at least in Europe. This paper analyzes the effects of introducing a coordinated cross-border tax relief in a setting where multinational firms choose the size of a risky investment...
Persistent link: https://www.econbiz.de/10013087272
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The Efficient Combination of Taxes on Fuel and Vehicles
Bjertnæs, Geir H. - 2018
A tax on fuel combined with tax-exemptions or subsidies for purchase of fuel-efficient vehicles is implemented in many countries to reduce greenhouse gas emissions and other negative externalities from road traffic. This study, however, shows that a tax on fuel should be combined with heavier...
Persistent link: https://www.econbiz.de/10012928119
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Airline Emission Charges : Effects on Airfares, Service Quality, and Aircraft Design
Brueckner, Jan K.; Zhang, Anming - 2021
This paper explores the effect of airline emissions charges on airfares, airline service quality, aircraft design features, and network structure, using a detailed and realistic theoretical model of competing duopoly airlines. These impacts are derived by analyzing the effects of an increase in...
Persistent link: https://www.econbiz.de/10013316403
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A History of Violence : Field Evidence on Trauma, Discounting and Present Bias
Imas, Alex - 2015
exposure to violence substantially increases present bias – choice of the smaller, immediate reward over the larger, later … effects both in reduced-form as well as in the form of structural estimates of a quasi-hyperbolic discounting function to … results have implications for policies aimed at alleviating the deleterious effects of present bias and the role of …
Persistent link: https://www.econbiz.de/10013023101
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Adaptation, Anticipation-Bias and Optimal Income Taxation
Aronsson, Thomas - 2012
lives for three periods. Our results show how a paternalistic government may correct for the effects of anticipation-bias …
Persistent link: https://www.econbiz.de/10013104834
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A Model to Evaluate Vehicle Emission Incentive Policies in Japan
Fullerton, Don - 2014
Using three years of data from the 47 prefectures of Japan, we estimate behavior of households who simultaneously make discrete decisions about vehicle ownership and continuous decisions about driving distance. We use the estimated parameters to calculate elasticities and to simulate the effects...
Persistent link: https://www.econbiz.de/10013051268
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Petroleum Taxation and Investment Behaviour
Osmundsen, Petter - 2014
arises here between assumptions made in some areas of tax theory and the actual investment analyses conducted by the … companies. Tax theory has given rise to discussion and controversial tax proposals for the petroleum sector in Norway, Denmark …
Persistent link: https://www.econbiz.de/10013044550