State tax revenues in most countries started to decrease during the recession. Government of Latvia decided to compensate the decline by increasing rates of several taxes including excise tax on strong alcohol. The total increase in 2009 constituted 42% and the rate increased from 896€ to 1 266€ for 100l of absolute alcohol. Since then this has had a negative impact on consumption volumes and t...

Many economists suggest that a cap-and-trade program and a carbon tax represent promisingmechanisms for addressing climate change. A potentially attractive feature of both policies is that they have the potential to recycle revenues in an efficient manner. In the case of cap andtrade, this would involve using auction revenues; in the case of a tax, it would involve using taxrevenues...

Bribes paid by firms in Indonesia arise principally from red tape, in particular licenses, imposed by local government officials. Red tape generates direct revenues (fees) plus indirect revenues in the form of bribes. The expected value of the latter is capitalized into lower salaries needed by localities to compensate public officials. Localities in Indonesia are hampered by insufficient reven...

Storage devices can provide several grid services, however it is challenging to quantify the value of providing several services and to optimally allocate storage resources to maximize value. We develop a co-optimized Compressed Air Energy Storage (CAES) dispatch model to characterize the value of providing operating reserves in addition to energy arbitrage in several U.S. markets. We use the m...

OBJECTIVE To estimate the effects of changes in Medicare inpatient hospital prices on hospitals' overall revenues, operating expenses, profits, assets, and staffing. PRIMARY DATA SOURCE Medicare hospital cost reports (1996-2009). STUDY DESIGN For each hospital, we quantify the year-to-year price impacts from changes in the Medicare payment formula. We use cumulative simulated price impacts ...

Newspapers’ advertising revenues have declined sharply in recent decades. We build a model to investigate the consequences on newspapers’ pricing and quality choices of a reduction in advertisers’ willingness to pay for readers’ attention. In our model, selling subscriptions in addition to newsstand issues allows to price discriminate between readers. We show that lower advertising revenues dec...