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The paper presents an axiomatic restatement of the standard approach to nonlinear income taxation. It assumes a finite number of taxpayers rather than an uncountable infinity. Analytical tools are developed which facilitate proving the existence of tax schedules that are continuous,...
Persistent link: https://www.econbiz.de/10011525880
Previous studies have shown that the optimal marginal tax rate at the bottom of the income distribution may be positive, negative, or even zero. This paper reexamines this problem in a unified framework and tries to evaluate the arguments. It turns out that the case for positive marginal tax...
Persistent link: https://www.econbiz.de/10011526564
Persistent link: https://www.econbiz.de/10012156564
We study incentive issues related to two-sided one-to-one stable matching problem after weakening the notion of strategy-proofness to Ordinal Bayesian Incentive Compatibility (OBIC). Under OBIC, truthtelling is required to maximize the expected utility of every agent, expected utility being...
Persistent link: https://www.econbiz.de/10004968096
For groups that must make several decisions of similar form, we define a simple and general mechanism that is designed to promote social efficiency. The mechanism links the various decisions by forcing agents to budget their representations of preferences so that the frequency of preferences...
Persistent link: https://www.econbiz.de/10005077065
order beliefs without monetary incentives results in qualitatively identical responses. In addition, we observe that … participants give sensible responses whether or not they understand the task or their monetary incentives. Overall, Krupka and …
Persistent link: https://www.econbiz.de/10012415938
experiment that varies freelance professionals’ incentives to attract attention about scientific findings, with several online … experiments that exogenously expose receivers to the content created. Attention incentives lead to significantly less information … being transmitted, but not more factually inaccurate content. These incentives increase information demand and the knowledge …
Persistent link: https://www.econbiz.de/10015402019
Persistent link: https://www.econbiz.de/10012181726
Generally, privatization of state-owned enterprises is believed to enhance economic efficiency and competitiveness and to improve the overall economic performance of a country. So, can there be too much privatization? We show that this depends on the political objectives that are pursued with a...
Persistent link: https://www.econbiz.de/10010466697
reforms used as natural experiments that induce exogenous variation on the institutional context and incentives coming …
Persistent link: https://www.econbiz.de/10012314340