This paper uses laboratory experiments to test individual responses to policies that seek to encourage firms to voluntarily discover and disclose violations of environmental standards. We find that while it is possible to motivate a significant number of voluntary disclosures without adversely...

In Section I disadvantages are identified that traditional measures as repression, prevention and transparency inhere in and that put their clout for the fight against corruption in question. Against this background, three novel anti-corruption approaches are developed. Their conception is...

El presente trabajo propone un modelo teórico para identificar los canales por los cuales las fricciones de información, presentes en el mercado de titularización, pueden amplificar la respuesta de la oferta de crédito asociada a aumentos (o contracciones) en los precios de la vivienda. El...

We analyze time-varying volatility in crude oil, heating oil, and natural gas futuresmarkets by incorporating changes in important macroeconomic variables and majorpolitical and weather-related events in conditional variance equations. We allow eachmarket to respond to positive news different...

Con el objetivo de analizar la transmisión de las fluctuaciones internacionales de los ciclos económicos, se propone un modelo de factores dinámicos multinivel con estructura de bloques en el que: i) no se restringe a los factores a ser ortogonales, y ii) se permite mezclar series de...

This paper proposes a simple variation of the Allingham and Sandmo (1972) construct and integrates it to a dynamic general equilibrium framework with heterogeneous agents. We study an overlapping generations framework i n which agents must initially decide whether to evade taxes or not. In the...

The New Zealand Government proposed in August 2004 a ‘radically’ new approach to address evasion in industries which is perceived to be ingrained, namely targeted amnesties. With a general election and other ‘more pressing’ issues, the proposal has not been significantly advanced. This...

This paper analyses the determinants of the size of the informal economy using cross-country regressions. Two sets of global data using indirect estimation techniques and the perception of business leaders for 109 countries as well as a regional set for Latin America based on direct data are...

Tax evasion has been a huge problem in Russia. Since the breakup of the Soviet Union there has been a steady decline in the share of Gross Domestic Product collected in revenue by the State at all levels, although in the last couple of years the problem has improved somewhat. The standard view...

This paper establishes within an intertemporal framework that firm activity is influenced by tax evasion if firms can invest in their long-term competitiveness. Higher investment raises the firm's survival probability, which in turn reduces tax-evasion payoffs, since evaded taxes may also be...