Theory and evidence on government taxation policy. Topics include tax incidence; optimal tax theory; the effect of … taxation on labor supply and savings; corrective taxes for externalities; taxation and corporate behavior; and tax expenditure … taxation. It covers both theoretical contributions, such as the theory of optimal income and commodity taxation, as well as …

of refineries partially offsets the large reduction in consumer surplus. As the theory predicts, these shocks have a …

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search …

This paper analyzes the role of variable capital utilization rates in propagating shocks over the business cycle. To … this end we formulate and estimate an equilibrium business cycle model in which cyclical capital utilization rates are … viewed as a form of factor hoarding. We find that variable capital utilization rates substantially magnify and propagate the …

equilibrium framework, of the role of inventories and capacity utilization (of both capital and labor) and, in particular … analysis of the association between inventories and capital utilization seems natural, for physical capital could beseen as a … as a stock of physical capital already transformed into finished goods. Introducing variable rates of utilization …

capital raising in international markets is related to firms´ ability to react to financial shocks. I provide a complete … financing behavior. Firms that raise capital internationally have a lower correlation with the local GDP growth, and grow more … highly dependent on the determinants of the issuance decision. The descriptive analysis show that international capital …

cost function with capital, labor, and sawlog inputs. Analyses were performed with a panel data set of biennial … capital and labor were most easily substituted inputs. Own-price elasticity at the regional level showed that capital demand … changes in capital and labor price, suggesting that producers had little flexibility to reduce total costs by substituting …