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This paper examines the investment effects of tax subsidies for which some assets and not others are eligible. Distortionary tax subsidies encourage firms to concentrate investments in tax-favored assets profitability of investment and reducing payoffs to bondholders in the event of default....
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process. Therefore, while the current literature suggests that charitable tax-relief represents a substance subsidy - by … it is also a process-subsidy that supplements the shortcomings of majority decision-making. This dual subsidy approach … democratic theory, many of the scheme's attributes - e.g., tax-subsidies to corporate philanthropy - should be reconsidered and …
Persistent link: https://www.econbiz.de/10012750232
We construct a model of innovation incorporating R&D externalities, R&D participation, financial market imperfections, and application and allocation of R&D subsidies, estimate it using Finnish R&D project level data and conduct a welfare analysis. The intensive, not the extensive R&D margin is...
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subsidy, and they urge policymakers and exempt organizations to note the distinctions when changes to laws or other guidance …
Persistent link: https://www.econbiz.de/10013321916
productive use, the economy wide marginal product of emissions falls with an increase in any subsidy, tending to decrease …
Persistent link: https://www.econbiz.de/10012463650
In this paper we examine the desirability of subsidizing child care expenditures in a model where parents can choose both the quantity and the quality of child care services they purchase in the market. Our vehicle of analysis is a Mirrleesian optimal tax framework where child care services not...
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