This paper reports on an experimental investigation into the perception of fairness in taxation. 219 subjects rated their own tax burdens, stated their preferred type of tax scale, and proposed fair tax burdens for a number of reference households. While the former two tasks involved qualitative...

Partial ownership can be used as a screening device by a foreign firm which wants to merge with a local firm whose productivity is private information. As partial ownership is confined to sharing future merger profits, it cannot achieve complete separation in all cases but improves expected...