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Strategic Voting over Strategic Proposals, Second Version
Bond, Philip; Eraslan, Hülya - Department of Economics, University of Pennsylvania - 2004
Prior research on “strategic voting” has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous, i.e.,...
Persistent link: https://www.econbiz.de/10005126687
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Optimal Capital Versus Labor Taxation with Innovation-Led Growth
Aghion, Philippe; Akcigit, Ufuk; Fernandez-Villaverde, Jesus - Department of Economics, University of Pennsylvania - 2013
innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity …-enhancing innovations result from pro.t-motivated R&D investment. Our main result is that, for a given required trend of public expenditure … on the market size for innovation. At the same time, for a given labor supply, taxing capital also reduces innovation …
Persistent link: https://www.econbiz.de/10010822886
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Value Added Taxes, Chain Effects and Informality
Paula, Aureo de; Scheinkman, Jose A. - Department of Economics, University of Pennsylvania - 2009
This paper investigates determinants of informal economic activity. We present an equilibrium model of informality and test its implications using a survey of 48,000+ small firms in Brazil. We define informality as tax avoidance; firms in the informal sector avoid tax payments but suffer other...
Persistent link: https://www.econbiz.de/10004967186
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The Informal Sector: An Equilibrium Model and Some Empirical Evidence from Brazil, Second Version
Paula, Aureo de; Scheinkman, Jose A. - Department of Economics, University of Pennsylvania - 2009
We test implications of a simple equilibrium model of informality using a survey of 48,000+ small firms in Brazil. In the model, agent's ability to manage production differ and informal firms face a higher cost of capital and limitation on size, although these informal firms avoid tax payments....
Persistent link: https://www.econbiz.de/10008523867
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The Informal Sector: An Equilibrium Model and Some Empirical Evidence from Brazil
Paula, Aureo de; Scheinkman, Jose A. - Department of Economics, University of Pennsylvania - 2009
We test implications of a simple equilibrium model of informality using a survey of 48,000+ small firms in Brazil. In the model, agent's ability to manage production differ and informal firms face a higher cost of capital and limitation on size, although these informal firms avoid tax payments....
Persistent link: https://www.econbiz.de/10008502077
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“Value Added Taxes, Chain Effects and Informality”, Second Version
Paula, Aureo de; Scheinkman, Jose A. - Department of Economics, University of Pennsylvania - 2009
This paper investigates determinants of informal economic activity. We present an equilibrium model of informality and test its implications using a survey of 48,000+ small firms in Brazil. We define informality as tax avoidance; firms in the informal sector avoid tax payments but suffer other...
Persistent link: https://www.econbiz.de/10008502079
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The Informal Sector, Second Version
Paula, Aureo de; Scheinkman, Jose A. - Department of Economics, University of Pennsylvania - 2007
This paper investigates the determinants of informal economic activity. We present two equilibrium models of informality and test their implications using a survey of 48,000+ small firms in Brazil. We define informality as tax avoidance; firms in the informal sector avoid tax payments but suffer...
Persistent link: https://www.econbiz.de/10005150231
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The Informal Sector, Third Version
Paula, Aureo de; Scheinkman, Jose A. - Department of Economics, University of Pennsylvania - 2007
This paper investigates the determinants of informal economic activity. We present two equilibrium models of informality and test their implications using a survey of 48,000+ small firms in Brazil. We define informality as tax avoidance; firms in the informal sector avoid tax payments but suffer...
Persistent link: https://www.econbiz.de/10005102099
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The Informal Sector
Paula, Aureo de; Scheinkman, Jose A. - Department of Economics, University of Pennsylvania - 2007
This paper investigates the determinants of informal economic activity. We present two equilibrium models of informality and test their implications using a survey of 48,000+ small firms in Brazil. We define informality as tax avoidance; firms in the informal sector avoid tax payments but suffer...
Persistent link: https://www.econbiz.de/10005061906
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Achievable Outcomes of Dynamic Contribution Games, Second Version
Matthews, Steven A. - Department of Economics, University of Pennsylvania - 2008
This paper concerns multistage games, with and without discounting, in which each player can increase the level of an action over time so as to increase the other players’ future payoffs. An action profile is achievable if it is the limit point of a subgame perfect equilibrium path. Necessary...
Persistent link: https://www.econbiz.de/10009143741