Showing 1 - 10 of 32
This paper reviews the literature concerning the evolution of cultural traits in general and preferences in particular, and the emergence and persistence of rules or norms, from a family per-spective. In models where every new person is effectively the clone of an existing one (either a parent...
Persistent link: https://www.econbiz.de/10012600188
generation and can thus be used as a commitment device for low taxes. …
Persistent link: https://www.econbiz.de/10011398123
that global carbon taxes remain elusive, policy makers have to use a second-best subsidy. In case of credible commitment … transition to the carbon-free takes longer and cumulative carbon emissions are higher. Under first-best and second best with pre-commitment … peak warming is 2.1 - 2.3 °C, under second best without commitment 3.5°C, and without any policy temperature 5.1°C above …
Persistent link: https://www.econbiz.de/10011417667
can thus use promises not to vote-sell as a commitment device. An invitation to promise not to vote-sell is taken up by a …
Persistent link: https://www.econbiz.de/10010361472
This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...
Persistent link: https://www.econbiz.de/10010223357
the role of long-run and short-run price stickiness under discretion and commitment in a straightforward and intuitive way … when a commitment to hold nominal rates at zero for an extended period is optimal. We then introduce government spending …
Persistent link: https://www.econbiz.de/10010257354
paradox, and also show how it may be avoided by introducing a commitment device. …
Persistent link: https://www.econbiz.de/10010371914
This paper examines capital tax competition in the presence of an interstate transfer policy without federal commitment …. Lack of commitment implies that tax policy is chosen prior to federal transfers. The paper s main result is that ex …
Persistent link: https://www.econbiz.de/10011507899
-intrusive approach aimed at fostering the commitment to pay taxes. Using a between-subject design in a unique field setting, we … previously compliant taxpayers are more likely to make a promise, the commitment to do so can improve payment behaviour. This …
Persistent link: https://www.econbiz.de/10011565549
We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and housing tenure where homeowners commit to mortgage payments. Our model predicts that, as long as mortgage rates exceed the rate of interest on liquid wealth: (i) mortgage debt,...
Persistent link: https://www.econbiz.de/10010425992