Similar Search Results

Discounting the Long-Distant Future: A Simple Explanation for the Weitzman-Gollier-Puzzle

Buchholz, Wolfgang; Schumacher, Jan - CESifo - 2008

In this paper, we reconsider the debate on Weitzman's (1998) suggestion to discount the long-run future at the lowest possible rate, referring to Gollier (2004) and Hepburn & Groom (2007). We show that, while Weitzman's use of the present value approach may indeed seem questionable, its outcome,...

Persistent link: https://www.econbiz.de/10005181518

Globalisation and the Mix of Wage and Profit Taxes

Haufler, Andreas; Klemm, Alexander; Schjelderup, Guttorm - CESifo - 2006

This paper analyses the development of the ratio of corporate taxes to wage taxes using a simple political economy model with internationally mobile and immobile firms. Among other results, our model predicts that countries reduce their corporate tax rate, relative to the wage tax, either when...

Persistent link: https://www.econbiz.de/10005405752

Economic Integration and Redistributive Taxation: A Simple Model with Ambiguous Results

Haufler, Andreas; Klemm, Alexander; Schjelderup, Guttorm - CESifo - 2006

The rise in foreign direct investment and the increasing activity of multinational firms expose national corporate tax bases to cross-country profit shifting, but also lead to rising profitability of the corporate sector. We incorporate these two effects of economic integration into a simple...

Persistent link: https://www.econbiz.de/10005416519

The Malleability of Undiscounted Utilitarianism as a Criterion of Intergenerational Justice

Asheim, Geir B.; Buchholz, Wolfgang - CESifo - 2000

Undiscounted utilitarianism as a criterion of intergeneration justice has been questioned for different reasons: It has … allocation must involve discounting, and (2) that undiscounted utilitarianism subjects the present generation to heavy demands …-nologies) that undiscounted utilitarianism is so malleable that any efficient and non-decreasing allocation can be the unique optimum …

Persistent link: https://www.econbiz.de/10005405840