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We characterize optimal policies in a multidimensional nonlinear taxation model with bunching. We develop an …
Persistent link: https://www.econbiz.de/10013210043
taxation be structured to improve productivity, incentivize innovation, and ultimately increase welfare? We study these …
Persistent link: https://www.econbiz.de/10014576614
We consider optimal joint nonlinear earnings taxation of couples. We use multi-dimensional mechanism design techniques …
Persistent link: https://www.econbiz.de/10014250158
A relatively mild form of government failure - for example, bureaucrats can count but do not differentiate quality - can significantly affect the efficacy of industrial policy. We investigate this idea in the context of China's largest pro-innovation industrial policy using a structural model....
Persistent link: https://www.econbiz.de/10014250195
We provide a unified analysis of taxation and taxpayer education when individuals have an incomplete understanding of a …
Persistent link: https://www.econbiz.de/10013334370
How should the government respond to automation? We study this question in a heterogeneous agent model that takes worker displacement seriously. We recognize that displaced workers face two frictions in practice: reallocation is slow and borrowing is limited. We first show that these frictions...
Persistent link: https://www.econbiz.de/10013334373
This article explores subjects in optimal income taxation characterized by recent research interest, practical … savings, savings policies, and labor supply; optimal income transfers; the relationship between optimal income taxation and … nonwelfarist objectives, welfare weights, heterogeneous preferences, and taxation of the family …
Persistent link: https://www.econbiz.de/10013334417
Products with negative externalities are often subject to regulations that limit competition. The single-product case may suggest that it is irrelevant for aggregate welfare whether output is restricted via corrective taxes or limiting competition. However, when products are differentiated...
Persistent link: https://www.econbiz.de/10013537788
What is a feasible and efficient policy to regulate air pollution from vehicles? A Pigouvian tax is technologically infeasible. Most countries instead rely on exhaust standards that limit air pollution emissions per mile for new vehicles. We assess the effectiveness and efficiency of these...
Persistent link: https://www.econbiz.de/10013477194
Transformative technologies like generative artificial intelligence promise to accelerate productivity growth across many sectors, but they also present new risks from potential misuse. We develop a multi-sector technology adoption model to study the optimal regulation of transformative...
Persistent link: https://www.econbiz.de/10014322848