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Frames of Mind in Intertemporal Choice
Loewenstein, George - 1988
expressed. Kahneman and Tversky's Prospect Theory (1979) explains many of these "framing" effects as shifts in the point of …
Persistent link: https://www.econbiz.de/10009441007
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Discounting Nordhaus
Michl, Thomas R. - 2008
growth theory. Nordhaus argues that the Stern Review exaggerates the effects of global warming because it uses a discount … rate that is well below the market rate of return on capital. From the perspective of classical growth theory, Nordhaus … agents. The classical theory of growth interprets the market return to capital as a reflection of the property relations of …
Persistent link: https://www.econbiz.de/10009468160
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Taxation and Evasion in the Presence of Extortion byOrganized Crime
Alexeev, Michael; Janeba, Eckhard; Osborne, Stefan - 1999
In pursuit of its transition from a command to a market economy, post-Soviet Russia has witnessed enormous regional differences in economic growth rates. Moreover, the economic reforms implemented under this transition, while initiated at the federal level, have also differed markedly across...
Persistent link: https://www.econbiz.de/10009477072
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Optimal Tax Mix in a Two-Sector Growth Model with Transitional Dynamics
Davies, James B.; Zhang, Jie; Zeng, Jinli - 2000
This paper examines the problem of optimal tax mix analytically in a two-sector growth model with transitional dynamics. Tax revenue is required to provide a pure public good. The key problems are: over-consumption of leisure under labor income or consumption taxes; and under-investment in human...
Persistent link: https://www.econbiz.de/10009447228
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The crucial role of social welfare criteria for optimal inheritance taxation
García Miralles, Esteban - 2017
En este artículo se calibra el impuesto óptimo a las herencias derivado por Piketty y Saez (2013) mostrando que diferentes supuestos sobre la función de bienestar social dan lugar a tipos óptimos muy dispares, que varían desde tipos negativos (cuando el criterio de bienestar social es...
Persistent link: https://www.econbiz.de/10012530544
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Essays on Optimal Mix of Taxes, Spatiality and Persistence under Tax Evasion
Yunus, Mohammad - 2006
This dissertation analyzes the optimal mix of direct and indirect taxes in an economy with multiple tax collecting authorities when both the taxes are subject to evasion and to what extent the tax compliance behavior of individuals in the United States are persistent and spatially dependent....
Persistent link: https://www.econbiz.de/10009463380
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Asymmetrische Information, Beteiligungsfinanzierung und drohende Überschuldung
Braun, Thomas - 2005
Der vorliegende Beitrag befasst sich mit dem Zusammenwirken von zwei externen Effekten, die jeweils für sich eine effiziente Kapitalallokation behindern können.Zum Einen geht es darum, dass unter Umständen an sich Erfolg versprechende Investitionsgelegenheiten nur deswegen nicht realisiert...
Persistent link: https://www.econbiz.de/10009452511
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Privacy Patterns for Online Interactions
Cranor, Lorrie Faith; Romanowsky, Sasha; Hong, Jason; … - 2006
A proper security architecture is an essential part of implementing robust and reliable networked applications. Security patterns have shown how reoccurring problems can be best solved with proven solutions. However, while they are critical for ensuring the confidentiality, integrity and...
Persistent link: https://www.econbiz.de/10009441305
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On the optimal design of income support and agri-environmental regulation
Bontems, Philippe - 2008
In this paper, we develop a model of regulation for a set of heterogenous farmers whose production yields to environmental externalities. The goal of the regulator is first to offer some income support depending on collective preferences towards income redistribution and second to internalize...
Persistent link: https://www.econbiz.de/10009443279
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Why Do Investors React Negatively to Seasoned Equity Offerings?
Kim, E. Han - 2006
The average investor reaction is neutral to primary offerings by firms with managerial incentives closely tied to the shareholder value. Investors react negatively (1) when there are insufficient managerial ownership stakes to deter misuse of SEO proceeds and (2) when there are negative signals...
Persistent link: https://www.econbiz.de/10009476931