Showing 241 - 249 of 249
Nonlinear preferences models are theories for choice under risk which have weakened in one way or another the Independence Axiom of Expected Utility. In this paper we present an experiment designed to discriminate between some basic ideas in this literature. We tested the Betweenness axiom, a...
Persistent link: https://www.econbiz.de/10005232030
We study optimal dynamic compliance decisions in an uncertain environment. Contrary to the static literature, greater uncertainty affects consumption, not the optimal tax evasion rule. Thus, audit and sanctions rather than fiscal uncertainty should be used to control tax evasion.
Persistent link: https://www.econbiz.de/10011189536
Persistent link: https://www.econbiz.de/10008558002
We generate observable expectations about fiscal variables through laboratory experiments using real world data from several European countries as stimuli. We compare a VAR model of expectations for data which is presented in a fiscal frame with one for neutrally presented data. We find that...
Persistent link: https://www.econbiz.de/10005671111
We study experiments of an overlapping generations model where inflation is determined by the monetary policy and by the amount of average saving within each period. We use a new experimental setup that allows us to observe more details of the process of formation of expectations and separate...
Persistent link: https://www.econbiz.de/10005761108
To understand the effect of fiscal policy on the private sector we have to comprehend how expectations about fiscal variables are formed. However, little is known about the way people form expectations about fiscal variables: no undercutting theory exists, not to say empirical evidence. The...
Persistent link: https://www.econbiz.de/10005761199
Persistent link: https://www.econbiz.de/10013443107
Persistent link: https://www.econbiz.de/10013443219