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When a price is enough : implementation in optimal tax design
Renes, Sander; Zoutman, Floris T. - 2014
This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations. Hammond's (1979) "principle of taxation" proves that any...
Persistent link: https://www.econbiz.de/10010403177
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Greasing the wheels of trade
Dalen, Hendrik P. van; Vuuren, Aico van - 2003
How much does a nation spend on resources to 'grease the wheels of trade'? To examine this question the Dutch economy is used as an exemplary case as the Netherlands are known as a nation of traders. This image was derived in the seventeenth century from successes in long distance trade,...
Persistent link: https://www.econbiz.de/10011334366
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Subjective expectations of medical expenditures and insurance in rural Ethiopia
Yilma, Zelalem; O'Donnell, Owen; Mebratie, Anagaw; … - 2015
Little is known about perceptions of medical expenditure risks despite their presumed relevance to health insurance demand. This paper reports on a unique elicitation of subjective probabilities of medical expenditures from rural Ethiopians who are offered the opportunity to purchase health...
Persistent link: https://www.econbiz.de/10011376274
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The welfare effects of discrimination in insurance
Noll, Rob van der - 2005
We study an insurance model characterized by a continuum of risk types, private information and a competitive supply side. We use the model to investigate the welfare effects of discrimination (also known as risk selection). We postulate that a test is available that determines whether an...
Persistent link: https://www.econbiz.de/10011348719
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On existence of private unemployment insurance with advance information on future job losses
Denderski, Piotr; Stoltenberg, Christian - 2021
We study the existence of a profitable unemployment insurance market in a dynamic economy with adverse selection rooting in information on future job losses. The new feature of the model is that the insurer and workers interact repeatedly. Repeated interactions make it possible to threaten...
Persistent link: https://www.econbiz.de/10012545133
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Support for small businesses amid COVID-19
Goodhart, Charles A. E.; Tsomocos, Dimitrios P.; Wang, Xuan - 2021 - Revision: January 13, 2021
A sizeable proportion of enterprises, especially SMEs, in receipt of financial assistance from the government, will fail to repay. In this paper we asked whether, and to what extent, it may be beneficial to apply a screening mechanism to deter those mostly likely to fail to repay from seeking...
Persistent link: https://www.econbiz.de/10012251378
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Asset-based lending
Bijkerk, Suzanne H.; Vries, Casper G. de - 2019 - This version: May 1, 2019
Asset-based lending, the supply of loans based on floating collateral, is an important source of funding for small firms. We analyze the effect of competition on asset-based loan markets on interest rate distributions and the mobility of small firms. Close monitoring of collateral by lenders...
Persistent link: https://www.econbiz.de/10012025986
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Are education subsidies an efficient redistributive device?
Dur, Robert A. J.; Teulings, Coen N. - 2003
.Hence, a given compression of after-tax incomes can be achievedat lower marginal tax rates. Optimal redistribution policy faces …
Persistent link: https://www.econbiz.de/10011333262
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Education and efficient redistribution
Dur, Robert A. J.; Teulings, Coen N. - 2003 - This version: June 2003
Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education … the absence of a strive for redistribution, the market generates the efficient level of investment in human capital. When … there is a demand for redistribution, the general equilibrium effects on relative wages might make a subsidy to education an …
Persistent link: https://www.econbiz.de/10011317437
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Redistributive politics and the tyranny of the middle class
Zoutman, Floris T.; Jacobs, Bas; Jongen, Egbert L. W. - 2016
The Netherlands has a unique tradition in which all major Dutch political parties provide CPB Netherlands Bureau for Economic Policy Analysis with highly detailed proposals for the tax-benefit system in every national election. This information allows us to quantitatively measure the...
Persistent link: https://www.econbiz.de/10011456742