In this study a model is developed to explain differences in tax shares for a set of 8 African countries. The model is estimated using a panel of data covering the time period 1973-1981. A measure of tax effort for each of the countries is obtained by applying the estimated coefficients to the...

This paper investigates the role of temporal uncertainty and information issues in economic decisions. It shows that the nature of the economic environment (e.g. the production technology) can influence the valuation of information, which in turn affects the choice functions. This is illustrated...