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Capital Gains Taxation in an Economy with an "Austrian Sector"
Kovenock, Daniel J. - 1981
This paper examines the effects of a proportional capital gains tax in an economy with an Austrian sector (with wine and trees) and an ordinary sector. We analyze the effect of capital gains taxation (on both an accrual and a realization basis) on the efficiency with which resources are used...
Persistent link: https://www.econbiz.de/10012478357
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The Austrian Theory of the Marginal Use And of Ordinal Marginal Utility
McCulloch, J. Huston - 1977
The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal utility (as derived from the marginal use) is not dependent on cardinal utility, and indeed is consistent with "intrinsically ordinal" utility. In this system, diminishing...
Persistent link: https://www.econbiz.de/10012478959
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Interest Rates and World Trade : An 'Austrian' Perspective
Antràs, Pol - National Bureau of Economic Research - 2023
This paper develops a framework to study the interplay between world trade and interest rates. The model incorporates an explicit notion of time and of production length, along the lines of the 'Austrian' tradition of Böhm-Bawerk (1889). Changes in the interest rate affect production lengths,...
Persistent link: https://www.econbiz.de/10013537738
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An 'Austrian' Model of Global Value Chains
Antràs, Pol - National Bureau of Economic Research - 2023
I develop a stylized model of multi-stage production in which the time length of each stage is endogenously determined. Letting the production process mature for a longer period of time increases labor productivity, but it comes at the cost of higher working capital needs for firms. Under...
Persistent link: https://www.econbiz.de/10013537793
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Smart Matching Platforms and Heterogeneous Beliefs in Centralized School Choice
Arteaga, Felipe; Kapor, Adam J.; Neilson, Christopher A.; … - National Bureau of Economic Research - 2021
search for schools, and that "smart matching platforms" that provide live feedback on admissions chances help applicants … search more effectively. Motivated by a model in which applicants engage in costly search for schools and over-optimism can … lead to under-search, we use data from a large-scale survey of choice participants in Chile to show that learning about …
Persistent link: https://www.econbiz.de/10012585430
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Matching in the Dark? Inequalities in student to degree match
Campbell, Stuart; Macmillan, Lindsey; Murphy, Richard; … - National Bureau of Economic Research - 2021
This paper examines inequalities in the match between student and degree quality using linked administrative data from schools, universities and tax authorities. We analyse two measures of match at the university-subject level: undergraduate enrollment qualifications, and graduate earnings. We...
Persistent link: https://www.econbiz.de/10012629435
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Frictions in Product Markets
Gavazza, Alessandro; Lizzeri, Alessandro - National Bureau of Economic Research - 2021
with frictions, such as transaction costs, asymmetric information, search and matching frictions. We discuss how such …
Persistent link: https://www.econbiz.de/10012629479
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The Financial Channel of Wage Rigidity
Schoefer, Benjamin - National Bureau of Economic Research - 2021
search and matching model with financial constraints and rigid wages among incumbent workers, while new hires' wages are …
Persistent link: https://www.econbiz.de/10012616648
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Centralized Matching with Incomplete Information
Fernandez, Marcelo A.; Rudov, Kirill; Yariv, Leeat - National Bureau of Economic Research - 2021
We study the impacts of incomplete information on centralized one-to-one matching markets. We focus on the commonly …
Persistent link: https://www.econbiz.de/10012599333
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Assortative Mating and Wealth Inequality
Fagereng, Andreas; Guiso, Luigi; Pistaferri, Luigi - National Bureau of Economic Research - 2022
We use population data on capital income and wealth holdings for Norway to measure asset positions and wealth returns before individuals marry and after the household is formed. These data allow us to establish a number of novel facts. First, individuals sort on personal wealth rather than...
Persistent link: https://www.econbiz.de/10013190997