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Dynamic Optimal Taxation of Productive Assets

Albanesi, Stefania; Sleet, Christopher - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005051376

Bilateral Oligopoly, Private Information, and Pollution Permit Markets

Malueg, David; Yates, Andrew - In: Environmental & Resource Economics 43 (2009) 4, pp. 553-572

Persistent link: https://www.econbiz.de/10005029365

Inflation, Growth and Exchange Rate Regimes in Small Open Economies

Hernandez-Verme, Paula - Volkswirtschaftliche Fakultät, … - 2002

Summary. This is an extended working paper version of the paper that appeared in Economic Theory. It paper compares the merits of alternative exchange rate regimes in small open economies where financial intermediaries perform a real allocative function, there are multiple reserve requirements,...

Persistent link: https://www.econbiz.de/10005037728

How Well Does the US Social Insurance System Provide Social Insurance?

Huggett, Mark; Parra, Juan Carols - Georgetown University, Department of Economics - 2006

system, then the maximum ex-ante welfare gain to improved insurance is equivalent to a 12.3 percent increase in consumption …. We determine the reasons behind this large welfare gain. We also analyze two parametric reforms of the model social … insurance system. One reform increases welfare very little, whereas the other achieves nearly all of the maximum possible …

Persistent link: https://www.econbiz.de/10005184833

An Experimental Study of the Effect of Private Information in the Coase Theorem

McKelvey, Richard; Page, Talbot - In: Experimental Economics 3 (2000) 3, pp. 187-213

We investigate, in an experimental setting, the effect of private information on the Coase theorem's predictions of efficiency and allocative neutrality. For a two-person bargaining game, we find significantly more inefficiency and allocative bias in the case of private information compared with...

Persistent link: https://www.econbiz.de/10005678680

Optimal Taxes and Tariffs with Private Information

Kimbrough, Kent - In: Open Economies Review 19 (2008) 4, pp. 411-422

Persistent link: https://www.econbiz.de/10005678849

Long-term information, short-lived derivative securities

Bernhardt, Dan; Davies, Ryan; Spicer, John - Economics Department, Queen's University - 2000

This paper explores strategic trade in short-lived derivative securities by agents that possess long-term information about an underlying asset. In contrast to trading equity, where an informed agent will ultimately benefit from his trades, trading short-lived securities is profitable only if...

Persistent link: https://www.econbiz.de/10005497208

Central Bank Forecasts and Disclosure Policy: Why it Pays to be Optimistic

Eijffinger, Sylvester C W; Tesfaselassie, Mewael F. - C.E.P.R. Discussion Papers - 2005

not improve welfare, and in some cases is not desirable as it impairs stabilization of current inflation and/or output …

Persistent link: https://www.econbiz.de/10005504375

Location of Investors and Capital Flight

Botman, Dennis P J; Diks, Cees G H - Tinbergen Institute - 2002

This paper utilizes a very simple model to study the timing and determinants of speculation against a fixed exchange rate regime when investors are heterogeneous because of locational differences. Location matters because resident players may incur smaller costs when taking a short-position, are...

Persistent link: https://www.econbiz.de/10005504970

Optimal Nonlinear Labor Income Taxation in Dynamic Economies

Balle, Salvador; Spadaro, Amedeo - Society for the Study of Economic Inequality - ECINEQ - 2006

endogenous to the fiscal policy. The latter is determined by the government, maximizing in the initial period a social welfare … reduction of both past and future human capital accumulation, with the negative impact on aggregate social welfare due to the …

Persistent link: https://www.econbiz.de/10005413413