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Cost uncertainty in an oligopoly with endogenous entry
De Pinto, Marco; Goerke, Laszlo - 2021
How does cost uncertainty affect the welfare consequences of an oligopoly? To answer this question, we investigate a … Cournot oligopoly in which firms produce a homogeneous commodity and market entry is feasible. Marginal costs are unknown ex …-up. Furthermore, the welfare loss due to oligopoly tends to increase with uncertainty. …
Persistent link: https://www.econbiz.de/10012620737
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Redistribution and insurance with simple tax instruments
Findeisen, Sebastian; Sachs, Dominik - 2015
We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is independent of the social welfare function and...
Persistent link: https://www.econbiz.de/10011283108
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Education, disappointment and optimal policy
Anderberg, Dan; Cerrone, Claudia - 2014
potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to …
Persistent link: https://www.econbiz.de/10010467858
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Cost uncertainty in an oligopoly with endogenous entry
De Pinto, Marco; Goerke, Laszlo - In: Bulletin of economic research 74 (2022) 4, pp. 927-948
Persistent link: https://www.econbiz.de/10013468160
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Risk sharing in the presence of a public good
Schroth, Josef - 2015
This paper studies an economy where agents can spend resources on consuming a private good and on funding a public good. There is asymmetric information regarding agents' relative preference for private versus public good consumption. I show how private good consumption should be coordinated...
Persistent link: https://www.econbiz.de/10011302006
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Comparison between optimal output tax ad valorem tax for a polluting oligopolist under demand uncertainty
Kim, Iltae; Lee, Sang-Ho - In: Environmental economics and policy studies 5 (2002) 1, pp. 1-15
Persistent link: https://www.econbiz.de/10001709249
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Optimal fiscal policy in a model of firm entry and financial frictions
Cooke, Dudley; Damjanovic, Tatiana - In: Review of economic dynamics 35 (2020), pp. 74-96
Persistent link: https://www.econbiz.de/10012500071
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Insuring educational risk : opportunities versus income
Schindler, Dirk (contributor); Weigert, Benjamin (contributor) - 2008
We develop a model of education where individuals face educational risk. Successfully entering the skilled labor sector depends on individual effort in education and public resources, but educational risk still causes (income) inequality. We show that an optimal public policy consists of...
Persistent link: https://www.econbiz.de/10003730305
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Optimal taxation of risky human capital
Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - 2009
In a model with ex-ante homogenous households, earnings risk and a general earnings function, we derive the optimal linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against incentives to work and to invest in human capital....
Persistent link: https://www.econbiz.de/10003806742
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Optimal income taxation with uncertain earnings : a synthesis
Boadway, Robin W.; Sato, Motohiro - 2011
We study optimal nonlinear income taxation when earnings can differ because of both ability and luck, so the income tax has both a redistributive role and an insurance role. A substantial literature on optimal redistribution in the absence of uncertainty has evolved since Mirrlees' original...
Persistent link: https://www.econbiz.de/10009383580