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Pigouvian Taxation with Administrative Costs

Polinsky, A. Mitchell - 1981

This paper examines how the optimal Pigouvian tax should be adjusted to reflect administrative costs. Several cases are examined, depending on whether the administrative costs are fixed per firm taxed or are a function of the amount of tax collected, and on whether such costs are borne by the...

Persistent link: https://www.econbiz.de/10012478373

The Corrective Tax versus Liability As Solutions to the Problem of Harmful Externalities

Shavell, Steven - 2010

importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions … harmful externalities, its actual use has been limited, mainly to the domain of pollution. Liability, in contrast, has great …

Persistent link: https://www.econbiz.de/10012462420

Corrective Taxation versus Liability

Shavell, Steven - 2010

Taxation and liability are compared here as means of controlling harmful externalities. It is emphasized that liability …

Persistent link: https://www.econbiz.de/10012462421

Estimation and inference in short panel vector autoregressions with unit roots and cointegration

Binder, Michael; Hsiao, Cheng; Pesaran, M. Hashem - In: Econometric theory 21 (2005) 4, pp. 795-837

Persistent link: https://www.econbiz.de/10003004733

Real-time econometrics

Pesaran, M. Hashem; Timmermann, Allan - In: Econometric theory 21 (2005) 1, pp. 212-231

Persistent link: https://www.econbiz.de/10002674695

Multivariate linear rational expectations models : characterization of the nature of the solutions and their fully recursive computation

Binder, Michael - In: Econometric theory 13 (1997) 6, pp. 877-888

Persistent link: https://www.econbiz.de/10001236160

Reconsidering Contractual Liability and the Incentive to Reveal Information

Bebchuk, Lucian Arye - 1999

In an earlier work, we analyzed how the legal rules governing contractual liability affect the transfer of information between the parties to the contract. In particular, we showed how limitations on contractual liability might lead high valuation buyers to reveal their valuation of performance,...

Persistent link: https://www.econbiz.de/10012471688

Any Non-Individualistic Social Welfare Function Violates the Pareto Principle

Kaplow, Louis - 1999

The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle

Persistent link: https://www.econbiz.de/10012471750

The Economic Theory of Public Enforcement of Law

Polinsky, A. Mitchell - 1999

This article surveys the theory of the public enforcement of law -- the use of public agents (inspectors, tax auditors …, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory … examine a variety of extensions of the central theory, concerning accidental harms, costs of imposing fines, errors, general …

Persistent link: https://www.econbiz.de/10012471807

Economic Analysis of Law

Kaplow, Louis - 1999

This is a survey of the field of economic analysis of law, focusing on the work of economists. The survey covers the three central areas of civil law liability for accidents (tort law), property law, and contracts as well as the litigation process and public enforcement of law

Persistent link: https://www.econbiz.de/10012471847