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Trade retaliation in a monetary-trade model
Whalley, John; Yu, Jun; Zhang, Shunming - 2009
goods trade model which also captures trade through time in the form of inside money as used in macro literature on one good …. We calibrate such a model to China’s trade with the rest of the world and explore two country tariff games using 2005 … way. -- Inside money ; general equilibrium ; Nash equilibrium ; numerical analysis ; tariff rate …
Persistent link: https://www.econbiz.de/10003806727
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Initial coin offerings, information disclosure, and fraud
Hornuf, Lars; Kück, Theresa; Schwienbacher, Armin - 2019 - This Version: November 19, 2019
We study the extent of fraud in initial coin offerings (ICOs), and whether information disclosure prior to the issuance predicts fraud. We document different types of fraud, and that fraudulent ICOs are on average much larger than the sample average. Issuers that disclose their code on GitHub...
Persistent link: https://www.econbiz.de/10012129781
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Will the remote work revolution undermine progressive state income taxes?
Agrawal, David R.; Stark, Kirk J. - 2022
The remote work revolution raises the possibility that a larger segment of the population will be able to sever the geographic linkage between home and work. What are the taxing rights of states as to nonresident remote workers? May a state impose income taxes on nonresident employees only to...
Persistent link: https://www.econbiz.de/10013262757
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How do taxpayers respond to public disclosure and social recognition programs? : evidence from Pakistan
Slemrod, Joel; Ur Rehman, Obeid; Waseem, Mazhar - 2020
We examine two Pakistani programs to see if the public disclosure of tax information and social recognition of top taxpayers promote tax compliance. Pakistan began revealing income tax paid by every taxpayer in the country from 2012. Simultaneously, another program began recognizing and...
Persistent link: https://www.econbiz.de/10012174832
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Compliance effects of risk-based tax audits
Løyland, Knut; Raaum, Oddbjørn; Torsvik, Gaute; … - 2019
Tax administrations use machine learning to predict risk scores as a basis for selecting individual taxpayers for audit. Audits detect noncompliance immediately, but may also alter future filing behavior. This analysis is the first to estimate compliance effects of audits among high-risk wage...
Persistent link: https://www.econbiz.de/10012001649
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Assessing income tax perturbations
Christiansen, Vidar; Jia, Zhiyang; Thoresen, Thor Olav - 2018
Taking a piecemeal tax reform approach to tax analysis in the spirit of Feldstein (1976), we establish a framework for assessing perturbations of the income tax schedule. It decomposes a reform into a change in tax level and a structural reform part. Focussing on the latter, the analysis singles...
Persistent link: https://www.econbiz.de/10011952105
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Tax treatment of commuter cost
Christiansen, Vidar; Nygård, Odd E. - 2024
The paper discusses the tax treatment of commuting where wages and housing cost vary across locations. An income tax distorts the locational choices of agents, who dislike commuting and have preferences for place of residence Wages, housing cost and commuting cost determine how subsidising or...
Persistent link: https://www.econbiz.de/10014521192
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Some evolutionary foundations for price level rigidity
Saint-Paul, Gilles - 2002
This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...
Persistent link: https://www.econbiz.de/10011409938
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Money, credit and banking
Berentsen, Aleksander (contributor);  … - 2005
In monetary models in which agents are subject to trading shocks there is typically an ex-post inefficiency in that some agents are holding idle balances while others are cash constrained. This inefficiency creates a role for financial intermediaries, such as banks, who accept nominal deposits...
Persistent link: https://www.econbiz.de/10003297591
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Distrust or speculation? : the socioeconomic drivers of U.S. cryptocurrency investments
Auer, Raphael A.; Tercero-Lucas, David - 2021
Employing representative data from the U.S. Survey of Consumer Payment Choice, we disprove the hypothesis that cryptocurrency investors are motivated by distrust in fiat currencies or regulated finance. Compared with the general population, investors show no differences in their level of...
Persistent link: https://www.econbiz.de/10012619271