, the effectiveness of the electricity tariff as a redistribution device is questionable in the presence of a progressive … model predicts that electricity prices should be subsidised in the presence of purely income redistribution concerns, we … conservation as well as income redistribution. …

preferences for redistribution. Second we demonstrate that social-policy does not have to be centralized in order to implement the …

This paper examines the political economy of redistribution when voters have asymmetric information about the …

conventional wisdom, rather than calling for more redistribution, the presence of this scale dependence provides a rationale for …. At an aggregate level, a rise in redistribution induces a compression effect on the distribution of pre-tax returns. In … the financial market, I identify general equilibrium trickle-up externalities that provide a force for more redistribution …

probability and the informativeness of its earnings for firm valuation. I extend earnings-persistence-based valuation theory to …

tests using data from the US Survey of Small Business support our theory …