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Shock Value : Bill Smoothing and Energy Price Pass-Through

Hausman, Catherine - 2018

including gas taxes and carbon pricing. Like the pass-through literature in general, the growing energy pass-through literature …

Persistent link: https://www.econbiz.de/10012920363

The Economics of Taxing the Rich

Slemrod, Joel - 2021

socially productive activities in order to avoid taxes …

Persistent link: https://www.econbiz.de/10013221514

Garbage and Recycling in Communities with Curbside Recycling and Unit-Based Pricing

Kinnaman, Thomas C.; Fullerton, Don - 2021

This paper estimates the impact of a user fee and a curbside recycling program on garbage and recycling amounts, allowing for the possibility of endogenous policy choices. Previous estimates of the effects of these policies could be biased if unobserved variables such as local preference for the...

Persistent link: https://www.econbiz.de/10013223573

Optimal Taxation of Entrepreneurial Capital with Private Information

Albanesi, Stefania - 2021

asset taxation is optimal. Marginal taxes on bonds depend on the correlation of their returns with idiosyncratic capital …

Persistent link: https://www.econbiz.de/10013224378

The Value of Risk : Measuring the Service Output of U.S. Commercial Banks

Basu, Susanto; Inklaar, Robert; Wang, J. Christina - 2021

Rather than charging direct fees, banks often charge implicitly for their services via interest spreads. As a result, much of bank output has to be estimated indirectly. In contrast to current statistical practice, dynamic optimizing models of banks argue that compensation for bearing systematic...

Persistent link: https://www.econbiz.de/10013224418

Debt Policy and the Rate of Return Premium to Leverage

Kane, Alex; Marcus, Alan J.; McDonald, Robert L. - 2021

Equilibrium in the market for real assets requires that the price of those assets be bid up to reflect the tax shields they can offer to levered firms.Thus there must be an equality between the market values of real assets and the values of optimally levered firms. The standard measure of the...

Persistent link: https://www.econbiz.de/10013224422

Debt and Taxes in the Theory of Public Finance

Feldstein, Martin S. - 2021

If a specified amount of government spending must be financed, how should that finance be divided between taxes and … taxes or capital income).The first section of the present paper shows how the debt-finance advantage of a small increase in …

Persistent link: https://www.econbiz.de/10013225423

How a Fee Per-Unit Garbage Affects Aggregate Recycling in a Model with Heterogeneous Households

Kinnaman, Thomas C.; Fullerton, Don - 2021

This paper develops a utility maximizing model of household choice among garbage disposal, recycling, and littering. The impact of a user fee for garbage collection is modelled for heterogeneous households with different preferences for recycling. The model explains (1) why some households...

Persistent link: https://www.econbiz.de/10013226075

Integrating Expenditure and Tax Decisions : The Marginal Cost of Funds and the Marginal Benefit of Projects

Slemrod, Joel; Yitzhaki, Shlomo - 2021

This paper seeks to clarify the extent to which the rule for providing public goods ought to correct for the distortionary cost of raising funds. We argue that, in evaluating public projects, the marginal cost of funds (MCF) concept must be supplemented by a symmetrical concept, which we label...

Persistent link: https://www.econbiz.de/10013226549

Efficiency Effects on the U.S. Economy from Wireless Taxation

Hausman, Jerry A. - 2021

taxes are a much greater drain on the economy than their direct costs. The taxes identified in this paper cost the economy … $2.56 billion more than the $4.79 billion they raise in tax revenues. These taxes are raised from wireless consumers and … taxes. Prospective taxes will impose an efficiency loss of $0.72-$1.14 per additional dollar of tax revenue raised …

Persistent link: https://www.econbiz.de/10013226553