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Guo, Yingni; Shmaya, Eran - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 477-506

the platform's forecast; when the miscalibration cost is high, the platform can achieve its commitment payoff in an … equilibrium, and the only extensive-form rationalizable strategy of the platform is its strategy in the commitment solution. Our … results show that miscalibration cost is a proxy for the degree of the platform's commitment power, and thus provide a …

Persistent link: https://www.econbiz.de/10012587367

Delegating learning

Escobar, Juan F.; Zhang, Qiaoxi - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 571-603

Learning is crucial to organizational decision making but often needs to be delegated. We examine a dynamic delegation problem where a principal decides on a project with uncertain profitability. A biased agent, who is initially as uninformed as the principal, privately learns the profitability...

Persistent link: https://www.econbiz.de/10012587421

Technology choice and environmental regulation under asymmetric information

D'Amato, Alessio; Dijkstra, Bouwe R. - In: Resource and energy economics 41 (2015), pp. 224-247

Persistent link: https://www.econbiz.de/10011514852

Central bank reputation, cheap talk and transparency as substitutes for commitment : experimental evidence

Duffy, John; Heinemann, Frank - In: Journal of monetary economics 117 (2021), pp. 887-903

Persistent link: https://www.econbiz.de/10012603276

Adoption incentives and environmental policy timing under asymmetric information and strategic firm behaviour

D'Amato, Alessio; Dijkstra, Bouwe R. - In: Environmental economics and policy studies 20 (2018) 1, pp. 125-155

Persistent link: https://www.econbiz.de/10011789841

Kirchhof oder Hollande : wie hoch soll der Spitzensteuersatz in Deutschland sein?

Bach, Stefan - In: Vierteljahrshefte zur Wirtschaftsforschung 82 (2013) 1, pp. 77-99

In Optimalsteuerlehre und Steuerpolitik werden Steuern auf höhere Einkommen und Vermögen kontrovers diskutiert. In Modellen, die auf wenigen empirisch zu bestimmenden Parametern beruhen, hängen die optimalen Spitzensteuersätze von den Anpassungsreaktionen der Steuerpflichtigen und von der...

Persistent link: https://www.econbiz.de/10010399573

Application of genetic algorithm to optimal income taxation

Małecka-Ziembińska, Edyta; Ziembiński, Radosław - In: Journal of risk and financial management : JRFM 13 (2020) 11/251, pp. 1-24

This paper, intended for researchers, introduces a stochastic method for calculating the optimal tax schedule based on taxpayer utility, population skill distribution, and wages. It implements and extends the classic approach to optimal income tax calculation introduced by J.A. Mirrlees. A...

Persistent link: https://www.econbiz.de/10012389887

Time-consistent optimal fiscal policy over the business cycle

Feng, Zhigang - In: Quantitative economics : QE ; journal of the … 6 (2015) 1, pp. 189-221

that abstract from history dependence. The welfare cost of no commitment is about 0. 22% of aggregate consumption as … compared to the Ramsey allocation with full commitment. …

Persistent link: https://www.econbiz.de/10011757665

The credibility of commitment and optimal nonlinear savings taxation

Chen, Yunmin; Guo, Jang-ting; Krause, Alan - In: Journal of macroeconomics 65 (2020), pp. 1-15

Persistent link: https://www.econbiz.de/10012433777

Information, evolution and utility

Samuelson, Larry; Swinkels, Jeroen M. - In: Theoretical economics : TE ; an open access journal in … 1 (2006) 1, pp. 119-142

Human utility embodies a number of seemingly irrational aspects. The leading example in this paper is that utilities often depend on the presence of salient unchosen alternatives. Our focus is to understand <i>why</i> an evolutionary process might optimally lead to such seemingly dysfunctional features...

Persistent link: https://www.econbiz.de/10011704445

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