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Optimal forest taxation under private and social amenity valuation

Koskela, Erkki; Ollikainen, Markku - 2002

This paper analyzes the socially optimal forest taxation in the rotation framework when the government has a binding tax revenue requirement. In the Faustmann model the optimal design of taxation consists of non-distortionary taxes, such as site productivity tax, site value tax or profit tax. A...

Persistent link: https://www.econbiz.de/10010285245

Renewable resources in an overlapping generations economy without capital

Koskela, Erkki; Ollikainen, Markku; Puhakka, Mikko - 2001

We incorporate a renewable resource into an overlapping generations model without capital and with quasi-linear preferences. Besides being an input for production the resource serves as a store of value. We characterize the dynamics, efficiency and stability of the steady state equilibria. The...

Persistent link: https://www.econbiz.de/10010285277

Equilibrium unemployment and capital intensity under product and labor market imperfections

Kauppi, Heikki; Koskela, Erkki; Stenbacka, Rune - 2004

We study the implications of product and labor market imperfections for equilibrium unemployment under both exogenous and endogenous capital intensity. With endogenous capital intensity, stronger labor market imperfections always increase equilibrium unemployment. The relationship between the...

Persistent link: https://www.econbiz.de/10010261119

Progressive taxation and irreversible investment under uncertainty

Alvarez, Luis H. R.; Koskela, Erkki - 2005

investment threshold is a positive function of volatility, but independent of tax rate. For "medium" volatilities it is … independent of both tax rate and volatility. Finally, for "high" volatilities the optimal investment threshold depends positively … on volatility, but negatively on tax rate so that we have "tax paradox". …

Persistent link: https://www.econbiz.de/10010261122

Product market competition, profit sharing and equilibrium unemployment

Koskela, Erkki; Stenbacka, Rune - 2005

We investigate the implications of product market imperfections on profit sharing, wage negotiation and equilibrium unemployment. The optimal profit share, which the firms use as a wage-moderating commitment device, is below the bargaining power of the trade union. Intensified product market...

Persistent link: https://www.econbiz.de/10010261374

Equilibrium Unemployment Under Negotiated Profit Sharing

Koskela, Erkki; Stenbacka, Rune - 2003

We study employment, employee effort, wages and profit sharing when firms face stochastic revenue shocks and when base wages and profit shares are determined through negotiations. The negotiated profit share depends positively on the relative bargaining power of the trade union and it has...

Persistent link: https://www.econbiz.de/10010261570