This paper introduces a model of optimal health insurance. This model provides theoretical guidance of the relationship between household preferences, cost-sharing, and premiums. I apply this model to understand how the income tax subsidy distorts optimal cost-sharing in health insurance. Typically, insurance protects individuals from financial risk. Health insurance plans, however, are frequen...

This paper investigates the changes in firm value triggered by hypothetical corporate tax rate changes for which firms have balances on deferred tax allowances and deferred tax assets or liabilities. The effects on both investment to fixed assets and current assets are well taken care of with embedded production functions and firm investment decisions change over time through the accumulated pr...

TCR (T-cell receptor) recognition of antigenic peptides bound and presented by MHC (major histocompatibility complex) molecules forms the basis of the cellular immune response to pathogens and cancer. TCRs bind peptide-MHC complexes weakly and with fast kinetics, features which have hindered detailed biophysical studies of these interactions. Modified peptides resulting in enhanced TCR binding ...

The PRC enterprise income tax law was enacted on January 1, 2008, with accordance to which the enterprise income tax law system has been changing. It took a long time to promulgate the law just as it takes and will take certain period to integrate the system from the constitutional law to tax polices. The lack of taxing power under constitutional law, the silence of a basic tax law, and the arb...

Nationally, there has been increased attention at the state level in a gross receipts tax as a replacement for the standard state corporate income tax. Washington State has imposed a gross receipts tax since 1935. In 2005, this tax structure was also adopted in Ohio. And in May 2006, Texas lawmakers voted to replace their franchise tax with a gross receipts tax. The reasons given for such a mov...

In this paper, I test the dividend clientele hypothesis (DCH) by examining the impact of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the 2003 tax act) on household portfolio dividend yields. The DCH predicts that the 2003 tax act, which reduced the tax-disadvantage of dividends differentially across the income distribution, would cause high income households to shift their portfo...

A lot of work has been conducted on time series classification and similarity search over the past decades. However, the classification of a time series with high accuracy is still insufficient in applications such as ubiquitous or sensor systems. In this paper, a novel textual approximation of a time series, called TAX, is proposed to achieve high accuracy time series classification. l-TAX, an...