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How Tax Complexity and Enforcement Affect the Equity and Efficiency of The Income Tax

Kaplow, Louis - 1995

been analyzed in terms of the equity and efficiency concerns that animate more familiar assessments of income tax policy …

Persistent link: https://www.econbiz.de/10012473476

The Effect of Increased Tax Rates on Taxable Income and Economic Efficiency : A Preliminary Analysis of the 1993 Tax Rate Increases

Feldstein, Martin - 1995

economic efficiency. Our estimates are based on a difference-in-difference procedure comparing growth of taxable incomes among …

Persistent link: https://www.econbiz.de/10012473499

The Child Care Industry : Cost Functions, Efficiency, and Quality

Mocan, H. Naci - 1995

Using a newly compiled data set, this paper provides insights into the characteristics of the child care industry. First, there is no difference in average quality of the services produced between nonprofit and for-profit centers. This indicates that nonprofit status cannot be taken as a signal...

Persistent link: https://www.econbiz.de/10012473577

Stock Market Efficiency and Economic Efficiency : Is There a Connection?

Dow, James - 1995

discretion in determining the level of investment. What is the link between stock price informational efficiency and economic … efficiency? We present a model of the stock market in which: (i) managers have discretion in making investments and must be given …

Persistent link: https://www.econbiz.de/10012473644

Expectations, Efficiency, and Euphoria in the Housing Market

Capozza, Dennis R. - 1995

This paper studies expectations of capital appreciation in the housing market. We show that expectations impounded in the rent/price ratio at the beginning of the decade successfully predict appreciation rates, but only if we first control for cross-sectional differences in the quality of rental...

Persistent link: https://www.econbiz.de/10012473700

Holdups, Standard Breach Remedies, and Optimal Investment

Edlin, Aaron S. - 1995

We consider a bilateral trading problem in which one or both parties makes relationship-specific investments before trade. Without adequate contractual protection, the prospect of later holdups discourages investment. We postulate that the parties can sign noncontingent contracts prior to...

Persistent link: https://www.econbiz.de/10012473886

On the Timing and Efficiency of Creative Destruction

Caballero, Ricardo J. - 1994

This paper analyzes the timing, pace and efficiency of the on- going job reallocation that results from product and … policies can restore economic efficiency …

Persistent link: https://www.econbiz.de/10012474151

The Efficiency Cost of Increased Progressivity

Triest, Robert K. - 1993

Increases in income tax progressivity generally entail some efficiency cost due to increased distortion of individuals …' labor supply decisions. This paper quantifies the magnitude of the efficiency cost of several policies which would increase … complex nonlinear tax schedules similar to those which actually exist. The efficiency cost of increased progressivity is found …

Persistent link: https://www.econbiz.de/10012474407

Information and Economic Efficiency

Arnott, Richard - 1993

Is an economy with adverse selection, moral hazard, or an incomplete set of risk markets "constrained" Pareto efficient? There are two sets of papers addressing this question, one asserting that, under seemingly quite general conditions, the economy is constrained Pareto efficient, the other (to...

Persistent link: https://www.econbiz.de/10012474409

Health Insurance Provision and Labor Market Efficiency in the United States

Holtz-Eakin, Douglas - 1993

do not alter this aspect of labor market efficiency …

Persistent link: https://www.econbiz.de/10012474565