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Rank dependent utility, tax evasion and labor supply

Eide, Erling; von Simson, Kristine; Strøm, Steinar - 2010

payers act according to some non-expected utility theory, and (2) Individual ethical norms and social stigma induce people … subjective probabilities of being penalised according to the rank dependent utility theory, and (2) Tax payers' beliefs about … utility theory. The model explains data 53% better than pure random choices and predicts hours worked in the regular economy …

Persistent link: https://www.econbiz.de/10010274740

Foreign market entry under incomplete contracts

Seidel, Tobias - 2010

I show in this paper that incomplete contracts affect a firm's decision about serving foreign customers through exports or local sales from an affiliated plant. When contracts between two agents within a firm are too costly to write, the share of multinational firms may be higher or lower...

Persistent link: https://www.econbiz.de/10010274741

Optimal taxation of externalities interacting through markets: A theoretical general equilibrium analysis

Ren, Xiaolin; Fullerton, Don; Braden, John B. - 2010

This study develops a theoretical general equilibrium model to examine optimal externality tax policy in the presence of externalities linked to one another through markets rather than technical production relationships. Analytical results reveal that the second-best externality tax rate may be...

Persistent link: https://www.econbiz.de/10010274742

How should financial intermediation services be taxed?

Lockwood, Benjamin - 2010

This paper considers the optimal taxation of savings intermediation and payment services in a dynamic general equilibrium setting, when the government can also use consumption and income taxes. When payment services are used in strict proportion to final consumption, and the cost of...

Persistent link: https://www.econbiz.de/10010274744

Conflicts with multiple battlefields

Kovenock, Dan; Roberson, Brian - 2010

This paper examines conflicts in which performance is measured by the players' success or failure in multiple component conflicts, commonly termed 'battlefields'. In multi-battlefield conflicts, behavioral linkages across battlefields depend both on the technologies of conflict within each...

Persistent link: https://www.econbiz.de/10010274746

Guest-worker migration, human capital and fertility

Azarnert, Leonid V. - 2011

This work focuses on a temporary guest-worker-type migration of individuals from the middle class of the wealth distribution. The article demonstrates that the possibility of a lowskilled guest-worker employment in a higher wage foreign country lowers the relative attractiveness of the skilled...

Persistent link: https://www.econbiz.de/10010274747

On a three-alternative Condorcet jury theorem

Goertz, Johanna M. M.; Maniquet, François - 2011

We investigate whether the simple plurality rule aggregates information efficiently in a large election with three alternatives. The environment is the same as in the Condorcet Jury Theorem (Condorcet (1785)). Voters have common preferences that depend on the unknown state of nature, and they...

Persistent link: https://www.econbiz.de/10010274750

Fiscal policy and Dutch disease

van der Ploeg, Frederick - 2011

In this paper we revisit the Dutch disease paying particular attention to the role of specific factors of production and capital stock dynamics. The main insight is that if the natural resource rich windfall is substantial but not large enough for the country to become a rentier, capital goods...

Persistent link: https://www.econbiz.de/10010274754

Community Enterprises: An institutional innovation

Frey, Bruno S.; Lüthi, Roger; Osterloh, Margit - 2011

Management research has long focused on the theory of the firm, studying for-profit organizations that produce … organizational theory, innovation economics, and industrial organization should therefore be critically examined. …

Persistent link: https://www.econbiz.de/10010274756

Optimal tariffs, retaliation and the welfare loss from tariff wars in the Melitz model

Felbermayr, Gabriel; Jung, Benjamin; Larch, Mario - 2011

This paper characterizes analytically the optimal tariff of a large one-sector economy with monopolistic competition and firm heterogeneity in general equilibrium, thereby extending the small-country results of Demidova and Rodriguez-Clare (JIE, 2009) and the homogeneous firms framework of Gros...

Persistent link: https://www.econbiz.de/10010274758