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Optimal Tax Progressivity: An Analytical Framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2014

What shapes the optimal degree of progressivity of the tax and transfer system? On the one hand, a progressive tax … earnings risk. At the same time, progressivity reduces incentives to work and to invest in skills, and aggravates the …, and market structure parameters influence the optimal degree of progressivity. A calibration for the U.S. economy …

Persistent link: https://www.econbiz.de/10011084652

Local and Consistent Centrality Measures in Networks

Dequiedt, Vianney; Zenou, Yves - C.E.P.R. Discussion Papers - 2014

eigenvector centrality. The core of our argument hinges on the power of the consistency axiom, which relates the properties of the …

Persistent link: https://www.econbiz.de/10011083213

Government Gains from Self-Restraint: A Bargaining Theory of Inefficient Redistribution Policies

Drazen, Allan; Limão, Nuno - C.E.P.R. Discussion Papers - 2003

We consider a bargaining model of the interaction between a government and interest groups in which, unlike existing models, neither side is assumed to have all the bargaining power. The government will then find it optimal to constrain itself in the use of transfer policies to improve its...

Persistent link: https://www.econbiz.de/10005504570

Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies

Gomes, Armando R; Jehiel, Philippe - C.E.P.R. Discussion Papers - 2001

This Paper considers the efficiency and convergence properties of dynamic processes of social and economic interactions, such as exchange economies, multilateral negotiations, merger and divestiture transactions, or legislative bargaining. The key general feature of the economy is that agents...

Persistent link: https://www.econbiz.de/10005792299

EU Conciliation Committee: Council 56 versus Parliament 6

Napel, Stefan; Widgrén, Mika - C.E.P.R. Discussion Papers - 2003

This Paper analyses bargaining between the European Parliament (EP) and the Council of Ministers (CM) in the Conciliation Committee with the aim of evaluating both institutions' power in the European Union's codecision procedure. In contrast to other studies, which use power indices or simple...

Persistent link: https://www.econbiz.de/10005114474

Heterogeneity and Government Revenues: Higher Taxes at the Top?

Guner, Nezih; Lopez-Daneri, Martin; Ventura, Gustavo - C.E.P.R. Discussion Papers - 2014

We evaluate the effectiveness of a more progressive tax scheme in raising government revenues. We develop a life-cycle economy with heterogeneity and endogenous labor supply. Households face a progressive income tax schedule, mimicking the Federal Income tax, and flat-rate taxes that capture...

Persistent link: https://www.econbiz.de/10011083288

Measuring Political Information Rents: Evidence from the European Agricultural Reform

Grüner, Hans Peter; Muller, Daniel - C.E.P.R. Discussion Papers - 2013

This paper develops a method to estimate information rents of losers of a reform who receive a monetary compensation. Our method explicitly accounts for survey respondents' reluctance to reveal a willingness to accept which is smaller than the actual compensation. We apply our approach to the...

Persistent link: https://www.econbiz.de/10011083574

Inflation and Inequality

Albanesi, Stefania - C.E.P.R. Discussion Papers - 2002

Cross-country evidence on inflation and inequality suggests that they are positively correlated. I explore the hypothesis that this correlation is the outcome of a distributional conflict underlying the determination of fiscal policy.

Persistent link: https://www.econbiz.de/10005792380

The Stability Threshold and Two Facts of Polarization

Haimanko, Ori; Le Breton, Michel; Weber, Shlomo - C.E.P.R. Discussion Papers - 2005

In this paper we introduce the notion of stability threshold that quantifies the minimal returns to size sufficient to prevent credible secession threats by regions of the country. Severity of internal tension has been linked to degree of polarization of citizens' preferences and...

Persistent link: https://www.econbiz.de/10005123952

Decision-making Procedures: A General Theory and Its Field Experimental Test

Aldashev, Gani; Kirchsteiger, Georg; Sebald, Alexander - C.E.P.R. Discussion Papers - 2009

It is a persistent finding in psychology and experimental economics that people's behavior is not only shaped by outcomes but also by decision-making procedures. In this paper we develop a general framework capable of modelling these procedural concerns. Within the context of psychological games...

Persistent link: https://www.econbiz.de/10005039581