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The Johansson-Samuelson Theorem in General Equilibrium : A Rebuttal

Menoncin, Francesco - 2008

The well-known Johansson-Samuelson Theorem proves that, in partial equilibrium, comprehensive income taxation with a uniform tax rate is neutral in terms of investment decisions, if fiscal depreciation allowances coincide with economic depreciation. In this article we show that this result does...

Persistent link: https://www.econbiz.de/10012771199

The Impact of Tax Uncertainty on Irreversible Investment

Niemann, Rainer - CESifo - 2007

Tax legislation, fiscal authorities, and tax courts create tax uncertainty by frequent tax reforms and various different interpretations of the tax law. Moreover, investors generate model-specific tax uncertainty by using simplified models that anticipate the actual tax base incorrectly. I...

Persistent link: https://www.econbiz.de/10005405858

Transfer Pricing or Formula Apportionment? Tax-Induced Distortions of Multinationals’ Investment and Production Decisions

Martini, Jan Thomas; Niemann, Rainer; Simons, Dirk - CESifo - 2007

For mitigating the problems of transfer pricing formula apportionment (FA) is discussed intensively. However, FA could even be more harmful than transfer pricing because income shifting would require changing economic decisions instead of just taking advantage of accounting options. We analyze...

Persistent link: https://www.econbiz.de/10005406404

Private Protection Against Crime When Property Value is Private Information

Baumann, Florian; Friehe, Tim - 2021

This paper analyzes private precautions against crime when the value of the property to be protected is private …, suboptimal investment can occur when observable precautions communicate information about property value to potential offenders …

Persistent link: https://www.econbiz.de/10013315885

Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule

Bordignon, Massimo; Tabellini, Guido - CESifo - 2009

We compare single ballot vs dual ballot elections under plurality rule, assuming sincere voting and allowing for partly endogenous party formation. Under the dual ballot, the number of parties is larger but the influence of extremist voters on equilibrium policy is smaller, because their...

Persistent link: https://www.econbiz.de/10005000387

Trust in Public Institutions Over the Business Cycle

Stevenson, Betsey - 2011

We document that trust in public institutions — and particularly trust in banks, business and government — has declined … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …

Persistent link: https://www.econbiz.de/10013128039

A Theory of Government Procrastination

Furusawa, Taiji - 2011

We present a theory to explain government procrastination as a consequence of its present-bias resulting from the … theory predicts that a government with a more strongly predominant party tends to procrastinate less …

Persistent link: https://www.econbiz.de/10013117258

Globalization and the (Mis)Governance of Nations

Blouin, Arthur - 2013

We analyze whether or not the globalization of capital, ‘disciplines' governments and improves governance. We demonstrate that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This increased threat of capital flight can discipline governments...

Persistent link: https://www.econbiz.de/10013091699

The Democratic-Republican Presidential Growth Gap and the Partisan Balance of the State Governments

Cahan, Dodge - 2017

Higher economic growth was generated during Democratic presidencies compared to Republican presidencies in the United States. The question is why. Blinder and Watson (2016) explain that the Democratic-Republican presidential growth gap (D-R growth gap) can hardly be attributed to the policies...

Persistent link: https://www.econbiz.de/10012952476

Lame Ducks and Divided Government : How Voters Control the Unaccountable

Schelker, Mark - 2017

government is interpreted as the reaction of voters to a systematic control problem. Voters realize that term-limited executives … government control voters force a lame duck to compromise on policies with an opposing legislature. Based on data from the US … states, I present evidence showing that the probability of divided government is about 8 to 10 percent higher when governors …

Persistent link: https://www.econbiz.de/10012975875