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Strategic transparency and electoral pressure
Moretti, Laura; Suzuki, Toru - 2012
, transparency policy can be an effective signaling device. A more popular challenger can reduce the probability to enhance … transparency, while voters can be better off due to a more informative signaling. It is also shown that a higher level of public … informative signaling. -- Fiscal Transparency ; Electoral Pressure ; Signaling Game ; Perfect Sequential Equilibrium …
Persistent link: https://www.econbiz.de/10009699885
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Investment Policy for Time-Inconsistent Discounters
Harstad, Bård - 2013
This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...
Persistent link: https://www.econbiz.de/10010328803
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Investment policy for time-inconsistent discounters
Harstad, Bård - 2013
This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...
Persistent link: https://www.econbiz.de/10010223357
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Investment Policy for Time-Inconsistent Discounters
Harstad, Bård - CESifo - 2013
This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...
Persistent link: https://www.econbiz.de/10010877709
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Inequality, Social Discounting, and Estate Taxation
Farhi, Emmanuel; Werning, Iván - 2005
To what degree should societies allow inequality to be inherited? What role should estate taxation play in shaping the intergenerational transmission of welfare? We explore these questions by modeling altruistically-linked individuals who experience privately observed taste or productivity...
Persistent link: https://www.econbiz.de/10014028082
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Optimal Income Taxation
Kaplow, Louis - National Bureau of Economic Research - 2022
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417
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College Admission as a Screening and Sorting Device
Gandil, Mikkel; Leuven, Edwin - 2022
How can colleges find successful applicants? Criteria such as GPA, interviews, essays, and tests provide information about candidates, but which work and why? We shed light on these questions using unique data on the universe of objective and subjective rankings of all college applicants in...
Persistent link: https://www.econbiz.de/10014076719
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Labour as a utility measure reconsidered
Ahlheim, Michael; Frör, Oliver; Nguyen Minh Duc; Rehl, … - 2017
In Stated Preference studies for the appraisal of environmental projects in poor countries or regions it often turns out that the stated willingness to pay of people for environmental improvements, which is used as measure of individual welfare changes, is very low. This is often interpreted as...
Persistent link: https://www.econbiz.de/10011613475
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Queensland's Community Services Funding Indexation : An Estimate for the 2023-2024 Budget Year
Gilchrist, David; Feenan, Clare - 2023
Queensland’s community services sector experiences underfunding in part due to a lack of adequate indexation of government pricing for services purchased. This problem accumulates year-on-year to increase in significance as time progresses. This was demonstrated in research conducted in 2022...
Persistent link: https://www.econbiz.de/10014357145
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Forward guidance for monetary policy : is it desirable?
Gersbach, Hans; Hahn, Volker - 2008 - This version: April 2008
, forward guidance may be used as a commitment device. In this case, policy forecasts may be desirable in a classic inflation …
Persistent link: https://www.econbiz.de/10003761386