We argue the revenue potential from increasing tax rates on capital gains may be substantially greater than previously understood. First, many prior studies focus primarily on short-run taxpayer responses, and so miss revenue from gains that are deferred when rates change. Second, the...

We study how the adoption of foreign technology and local spillovers from such adoption contributed to late industrialization in a developing country during the postwar period. Using novel historical firm-level data for South Korea, we provide three empirical findings: direct productivity gains...

This paper tries to provide solutions for the externalities internalization by concentrating on the electricity demand side. A demand response based procedure aimed at internalizing negative externalities of generation units in the day-ahead electricity markets is presented. The proposed service...

A state regulatory agency of the Brazilian water supply and sewage sector conducted inspections of the Social Tariff implementation in more than 500 municipalities with services from its major regulated operator. The regulator established inspections and drafted a regulatory rule to foster this...

We consider a private sector job that offers high-powered incentives and two public sector jobs that produce an identical public good, but only one of them offers opportunities for corruption. Our theoretical predictions relate occupation and effort choices, in these three jobs, to preferences...

Performing a panel data analysis for OECD countries, during the period between 1990 and 2019, this article investigates the relationship between economic growth and income inequalities. The main objective is to understand how the GDP and GNI per capita affect income inequality and how they...

Within a general equilibrium model, this paper identifies a novel animal welfare externality that occurs if the private animal friendliness in a market economy falls short of the social animal friendliness used by the social planner when determining the efficient allocation. The animal welfare...

The paper argues that inequality is due to a difference in profitability of firm, and the larger the difference in profitability between high profitable and low profitable firms, the lower the innovation activity. It is also claimed that at low inequality an increase in inequality slightly...