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Optimal income taxation with tax competition

Lipatov, Vilen; Weichenrieder, Alfons J. - 2010

We introduce tax competition for mobile labor into an optimal-taxation model with two skill levels. We analyze a symmetric subgame-perfect Nash equilibrium of the game between two governments and two taxpayer populations. Tax competition reduces the distortion from the informational asymmetry...

Persistent link: https://www.econbiz.de/10003982002

Redistributive politics with target-specific beliefs

Fong, Christina M.; Poutvaara, Panu - 2019

the reasons for being poor. We develop and test a theo-ry about support for redistribution in the presence of target …-specific beliefs about the causes of low and high incomes. Our theory predicts that target-specific beliefs about the poor matter most … welfare recipients supports our theory. We also find, in theory, the ex-istence of a moral release equilibrium in which the …

Persistent link: https://www.econbiz.de/10011993478

Optimal Taxation in a Common Resource Oligopoly Game

Bisceglia, Michele - 2018

In this paper, we investigate the optimal taxation policy in a differential oligopoly game where the competing firms share the access to a productive renewable resource. We show that, in a linear Feedback Nash Equilibrium of the game, a linear Markov tax, imposed on the output, and specified as...

Persistent link: https://www.econbiz.de/10012930240

Optimal Factor Income Taxation in the Presence of Unemployment

Koskela, Erkki; Schöb, Ronnie - 2021

According to conventional wisdom internationally mobile capital should not be taxed or should be taxed at a lower rate than labour. An important underlying assumption behind this view is that there are no market imperfections, in particular that labour markets clear competitively. At least for...

Persistent link: https://www.econbiz.de/10013321161

Earmarked Taxation : Welfare Versus Political Support

Bös, Dieter - 2021

Compared with the traditional public-finance approach of a monolithic fully informed planner, earmarking of taxation is less likely to be optimal if a principal-agent setting is considered, where taxing and spending are performed by two separate agents which are monitored by the parliament. We...

Persistent link: https://www.econbiz.de/10013321381

Time-consistent optimal fiscal policy over the business cycle

Feng, Zhigang - In: Quantitative economics : QE ; journal of the … 6 (2015) 1, pp. 189-221

This paper examines a dynamic stochastic economy with a benevolent government that cannot commit to its future policies. I consider equilibria that are time-consistent and allow for history-dependent strategies. A new numerical algorithm is developed to solve for the set of equilibrium payoffs....

Persistent link: https://www.econbiz.de/10011757665

Structural adjustment and endogenous worker recall probabilities

Meland, Frode; Torsvik, Gaute - 2002

In this paper we investigate the incentives of unemployed workers to wait for a recall when recall probabilities are endogenously determined by the waiting decisions of others. Because of a positive externality that arises when workers seek new employment, an excessive number of workers choose...

Persistent link: https://www.econbiz.de/10011409750

Structural Adjustment and Endogenous Worker Recall Probabilities

Meland, Frode; Torsvik, Gaute - 2021

Persistent link: https://www.econbiz.de/10013320542

The Consequences of Overlapping Tax Bases for Redistribution and Public Spending in a Federation

Boadway, Robin W.; Marchand, Maurice G.; Vigneault, Marianne - 2008

NOTE: The following is a description of the paper and not the actual abstract. Equilibrium tax and expenditure policies are studied in a federation consisting of a federal government and several state governments. Each state begins with an initial distribution of residents of different ability...

Persistent link: https://www.econbiz.de/10014060961

Ultimatum deadlines

Tang, Wenjie; Bearden, J.Neil; Tsetlin, Ilia - 2008

Persistent link: https://www.econbiz.de/10003909581