منابع مشابه
Optimal Taxation and Public Production I: Production Efficiency
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متن کاملMyopic Traders, Efficiency and Taxation
This paper explores the welfare implications of a securities transaction tax when informed traders act under short-term objectives. The model presented features speculators who can trade on information of differing time horizons, trade by fully rational uninformed agents, endogenous asset prices and profit maximising firms that can use information contained in stock prices to improve their inve...
متن کاملClimate Policy and Profit Efficiency
As widely recognized, human mankind stands before the most challenging problem of preventing anthropogenic climate change. As a response to this, the European Union advocates an ambitious climate policy mix. However, there is no consensus concerning the impact of stringent environmental policy on firms’ competitiveness and profitability. From the traditional ‘static’ point of view there are pro...
متن کاملProfit Taxation and Capital Accumulation in Dynamic Oligopoly Models
We illustrate two differential oligopoly games using, respectively, the capital accumulation dynamics à la Solow-Nerlove-Arrow, and the capital accumulation dynamics à la Ramsey. In both settings, we evaluate the effects of (gross) profit taxation, proving that there exist tax rates yielding the same steady state social welfare as under social planning. Contrary to the static approach, our dyna...
متن کاملAdverse selection in credit markets and regressive profit taxation
In many countries, taxes on businesses are less progressive than labor income taxes. This paper provides a justification for this pattern based on adverse selection that entrepreneurs face in credit markets. Individuals choose between becoming entrepreneurs or workers and differ in their skill in both of these occupations. I find that endogenous cross-subsidization in the credit market equilibr...
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ژورنال
عنوان ژورنال: Social Choice and Welfare
سال: 2018
ISSN: 0176-1714,1432-217X
DOI: 10.1007/s00355-018-1144-2