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Combining Microsimulation and Optimization to Identify Optimal Flexible Tax-Transfer Rules
Colombino, Ugo - 2020
We use a behavioural microsimulation model embedded in a numerical optimization procedure in order to identify optimal (social welfare maximizing) tax-transfer rules. We consider the class of tax-transfer rules consisting of a universal basic income and a tax defined by a 4th degree polynomial....
Persistent link: https://www.econbiz.de/10012832584
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SISTA : Learning Optimal Transport Costs Under Sparsity Constraints
Carlier, Guillaume; Dupuy, Arnaud; Galichon, Alfred; … - 2021
In this paper, we describe a novel iterative procedure called SISTA to learn the underlying cost in optimal transport problems. SISTA is a hybrid between two classical methods, coordinate descent ("S"-inkhorn) and proximal gradient descent ("ISTA"). It alternates between a phase of exact...
Persistent link: https://www.econbiz.de/10013225545
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On the Economics and Biology of Trust
Fehr, Ernst - 2008
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10012768177
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Psychological and Biological Foundations of Time Preference : Evidence from a Day Reconstruction Study with Biological Tracking
Daly, Michael; Delaney, Liam; Harmon, Colm P. - 2021
This paper considers the relationship between the economic concept of time preference and relevant concepts from psychology and biology. Using novel data from a time diary study conducted in Ireland that combined detailed psychometric testing with medical testing and real-time bio-tracking, we...
Persistent link: https://www.econbiz.de/10013324995
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Testing for Nonparametric Identification of Causal Effects in the Presence of a Quasi-Instrument
de Luna, Xavier - 2012
power. We perform a simulation study and apply the results to a case study where the interest lies in evaluating the effect …
Persistent link: https://www.econbiz.de/10013104053
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Equilibrium Simulation with Microeconometric Models : A New Procedure with an Application to Income Support Policies
Colombino, Ugo - 2012
-time jobs). The most common use of these models is the simulation of tax-transfer reforms. The simulation is usually interpreted … simulation procedure, however, typically keeps fixed the estimated alternative-specific constants. In this note we argue that …-specific constants leads to the development of a simulation procedure consistent with the comparative statics interpretation. The …
Persistent link: https://www.econbiz.de/10013104073
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Accounting for Family Background When Designing Optimal Income Taxes : A Microeconometric Simulation Analysis
Aaberge, Rolf - 2009
The purpose of this paper is to introduce and adopt a generalised version of Roemer's (1998) Equality of Opportunity (EOp) framework, which we call extended EOp, for analysing second-best optimal income taxation. Unlike the pure EOp criterion of Roemer (1998) the extended EOp criterion allows...
Persistent link: https://www.econbiz.de/10013153308
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Mostly Harmless Simulations? On the Internal Validity of Empirical Monte Carlo Studies
Advani, Arun - 2018
Currently there is little practical advice on which treatment effect estimator to use when trying to adjust for observable differences. A recent suggestion is to compare the performance of estimators in simulations that somehow mimic the empirical context. Two ways to run such 'empirical Monte...
Persistent link: https://www.econbiz.de/10012938144
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Structural Labour Supply Models and Microsimulation
Aaberge, Rolf - 2018
models for policy simulation in terms of producing and interpreting simulation outcomes, outlining an extensive literature of …
Persistent link: https://www.econbiz.de/10012917091
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Distributional Effects of Competition : A Simulation Approach
Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021
power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the …
Persistent link: https://www.econbiz.de/10013250767