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Minimum Taxes and Repeated Tax Competition

Kiss, Áron - 2011

An agreement about a lower bound for admissible tax rates can reduce the equilibrium tax rate (and thus welfare) in tax competition among fully symmetric countries. This is shown in an infinitely repeated game where the stage game describes the standard tax competition model with source-based...

Persistent link: https://www.econbiz.de/10010494464

Transferable Utility Games with Uncertainty

Habis, Helga; Herings, P. Jean-Jacques - 2011

We introduce the concept of a TUU-game, a transferable utility game with uncertainty. In a TUU-game there is uncertainty regarding the payoffs of coalitions. One out of a finite number of states of nature materializes and conditional on the state, the players are involved in a particular...

Persistent link: https://www.econbiz.de/10010494469

Notes on the Bankruptcy Problem: an Application of Hydraulic Rationing

Fleiner, Tamás; Sziklai, Balázs - 2011

We offer a new approach to the well-known bankruptcy problem based on Kaminski's idea. With the help of hydraulic rationing we give a proof to Aumann and Maschlers theorem i.e. the consistent solution of a bankruptcy problem is the nucleolus of the corresponding game. We use a system of vessels...

Persistent link: https://www.econbiz.de/10010494472

Analysis of Stochastic Matching Markets

Biró, Péter; Norman, Gethin - 2011

Suppose that the agents of a matching market contact each other randomly and form new pairs if is in their interest. Does such a process always converge to a stable matching if one exists? If so, how quickly? Are some stable matchings more likely to be obtained by this process than others? In...

Persistent link: https://www.econbiz.de/10010494477

Real Business Cycles with a Human Capital Investment Sector and Endogenous Growth: Persistence, Volatility and Labor Puzzles

Dang, Jing; Gillman, Max; Kejak, Michal - 2011

release leisure time and initially raise the relative price of human capital investment so as to favor it over goods … production. Modified by having the household sector produce human capital investment sector, the RBC model follows the … RBC data: output growth persistence, with hump-shaped impulse responses; hump-shaped physical capital investment impulse …

Persistent link: https://www.econbiz.de/10010494483

Tax Morale and Tax Evasion: Social Preferences and Bounded Rationality

Méder, Zsombor Z.; Simonovits, András; Vincze, János - 2012

We study a family of models of tax evasion, where a flat-rate tax finances only the provision of public goods, neglecting audits and wage differences. We focus on the comparison of two modeling approaches. The first is based on optimizing agents, who are endowed with social preferences, their...

Persistent link: https://www.econbiz.de/10010494496

Power indices expressed in terms of minimal winning coalitions

Lange, Fabien; Kóczy, László Á. - 2012

A voting situation is given by a set of voters and the rules of legislation that determine minimal requirements for a group of voters to pass a motion. A priori measures of voting power, such as the Shapley-Shubik index and the Banzhaf value, show the influence of the individual players in a...

Persistent link: https://www.econbiz.de/10010494516

Sectoral Technology and Structural Transformation

Herrendorf, Berthold; Herrington, Christopher; … - 2012

This paper assesses the importance for structural transformation of three features of sectoral technology: labor-augmenting technological progress, capital intensity, and substitutability between capital and labor. We estimate CES production functions for agriculture, manufacturing, and services...

Persistent link: https://www.econbiz.de/10010494521

The effect of educational mismatch on wages for 25 countries

Galasi, Péter - 2008

By making use of the Duncan&Hoffman model, the paper estimates returns to educational mismatch using comparable microdata for 25 European countries. Our aim is to investigate the extent to which the main empirical regularities produced by other papers on the subject are confirmed by our data...

Persistent link: https://www.econbiz.de/10010494685

Fiscal Decentralization, Redistribution and Growth

Neyapti, Bilin; Bulut-Cevik, Zeynep Burcu - 2011

level; in addition, a portion of transfers is considered to be directed towards investment. Simulations of the model … that increasing income compensation or directed investment may generate. Increasing punishment also improves capital … achieved the lower the rate of directed investment and the higher the punishment rate. …

Persistent link: https://www.econbiz.de/10010500177