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GM estimation of higher order spatial autoregressive processes in panel data error component models

Badinger, Harald; Egger, Peter - 2008

regressive process and the optimal weighting matrix required to achieve asymptotic efficiency. We prove consistency of the …

Persistent link: https://www.econbiz.de/10010264361

Public provision of private goods and nondistortionary marginal tax rates

Blomquist, Sören; Christiansen, Vidar; Micheletto, Luca - 2008

The incidence and efficiency losses of taxes have usually been analysed in isolation from public expenditures. This …, elderly care, primary education and health care. We show that there is a gain in efficiency where public provision of such a … service replaces market purchases. We also show that it is necessary for efficiency that marginal income tax rates are higher …

Persistent link: https://www.econbiz.de/10010264362

The political economy of post-compulsory education policy with endogenous credit constraints

Anderberg, Dan; Balestrino, Alessandro - 2008

Altruistic parents, who differ in income, make financial transfers to their children, who differ in ability. The children invest in post-compulsory education, subject to an endogenous credit constraint, and taking policy as given. There are two policy tools: a subsidy to those who participate in...

Persistent link: https://www.econbiz.de/10010264363

The role of stigma in the design of welfare programs

Blumkin, Tomer; Margalioth, Yoram; Sadka, Efraim - 2008

We consider the notion of welfare stigma à la Besley and Coate (1992b). This stigma is attributed to welfare claimants by society when they are perceived as undeserving in the sense that they falsely claim to be eligible for welfare benefits. However, due to imperfect information, this stigma...

Persistent link: https://www.econbiz.de/10010264364

Dissipative advertising signals quality even without repeat purchases

Linnemer, Laurent - 2008

Economists have emphasized the role of dissipative advertising and price as signals of quality. Most works, however, limit the number of types to two options: high and low quality. Yet, production costs and quality both result from R&D efforts and therefore are both uncertain. I characterize the...

Persistent link: https://www.econbiz.de/10010264368

Which Communities should be afraid of mobility?: the effects of agglomeration economies on the sensitivity of firm location to local taxes

Jofre-Monseny, Jordi; Solé-Ollé, Albert - 2008

. In line with the theory, a municipality with stronger AE experiences lower (higher) tax effects if it is sufficiently …

Persistent link: https://www.econbiz.de/10010264369

Unionisation triggers tax incentives to attract foreign direct investment

Haufler, Andreas; Mittermaier, Ferdinand - 2008

This paper analyses tax competition between a unionised and a non-unionised country for the location of an outside firm. We show that unionisation offers an extra incentive for the government to attract a foreign competitor to a concentrated domestic market, in order to affect the behaviour of...

Persistent link: https://www.econbiz.de/10010264370

Bankruptcy: is it enough to forgive or must we also forget?

Elul, Ronel; Gottardi, Piero - 2008

In many countries, lenders are not permitted to use information about past defaults after a specified period of time has elapsed. We model this provision and determine conditions under which it is optimal. We develop a model in which entrepreneurs must repeatedly seek external funds to finance a...

Persistent link: https://www.econbiz.de/10010264371

Productive government expenditure and economic growth

Irmen, Andreas; Kuehnel, Johanna - 2008

We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...

Persistent link: https://www.econbiz.de/10010264372

Optimum taxation of inheritances

Brunner, Johann K.; Pech, Susanne - 2008

We incorporate the fact that inheritances create a second distinguishing characteristic of individuals, in addition to earning abilities, into an optimum income taxation model with bequests motivated by joy of giving. We show that a tax on inheritances and a uniform tax on all expenditures...

Persistent link: https://www.econbiz.de/10010264375