This paper presents an in-class experiment used as a teaching tool in an introductory microeconomics class at the undergraduate college level. It is directed at a critical but challenging concept for principles students — constrained utility maximization and a methodology to intuit...

This article investigates changes in capital stock composition that are caused by Abstract changing statutory tax rates in a pure Haig-Simons net income tax. Such a tax system allows the deduction of economic depreciation. An increase in the statutory tax rate results in an increase in the...