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Colonel Blotto games have been applied in a variety of contests where players allocate resources across multiple battlefields, and a battlefield is won by the player with the most resources there. One drawback of this standard model is the assumption that players can perfectly target their...
Persistent link: https://www.econbiz.de/10012995220
The existing literature on the relationship between the share of elderly in a community and the support for local public education has led to mixed results to date. One potential reason behind this is that the share of elderly in a community is endogenous, and it is very difficult to disentangle...
Persistent link: https://www.econbiz.de/10012462519
The existing literature on the relationship between the share of elderly in a community and the support for local public education has led to mixed results to date. One potential reason behind this is that the share of elderly in a community is endogenous, and it is very difficult to disentangle...
Persistent link: https://www.econbiz.de/10013141844
This paper considers why limited penalties are used to punish tax evaders. The basic model has all individuals drawing an income from the same random distribution. The individuals must decide whether to report thruthfully or understate their incomes. Two types of individuals exist who differ in...
Persistent link: https://www.econbiz.de/10005043059
Persistent link: https://www.econbiz.de/10005572752
Persistent link: https://www.econbiz.de/10005572834
The optimal income tax problem, since it requires self-selection constraints which define nonconvex feasible sets, is one of the many problems in economics for which randomization in the solution may be desirable. For a two-class economy. we characterize the optimal random tax schedules and we...
Persistent link: https://www.econbiz.de/10013221874
Most analyses of optimal income taxation make restrictive technical assumptions on preferences (such as single-crossing) and only derive properties of welfare-maximizing tax schedules. Here, for an economy with any finite numbers of groups and commodities, Pareto efficient tax structures are...
Persistent link: https://www.econbiz.de/10013310145