This paper proposes a method of estimating marginal tax rates using nonparametric regression techniques, and the income and tax data obtained from the Individual Tax Model Files. Our method yields estimates of average marginal effective tax rates on personal income which are significantly...

Transactions, market orders and limit orders are three major factors which affect a specialist's information set and her inventory position. In modeling a specialist's quote updating process, before any exclusion of any of these factors, one should first address the fundamental question of their...

We examine the intertemporal optimal consumption and investment problem in a continuous-time economy with a divisible durable good. Consumption services are assumed to be proportional to the stock of the good held and adjustment of the stock is costly, in that it involves the payment of a...

The quantum conductance of two kinds of carbon nanotube quantum dots (CNQD) composed of (5,5) and (10,0) tubes, namely (10,0)/(5,5)/(10,0) and (5,5)/(10,0)/(5,5) with different quantum sizes, are calculated. It is shown that for (10,0)/(5,5)/(10,0) CNQD, one on-resonant peak at the Fermi energy...

We have theoretically studied electric-field-domain dynamics and current self-oscillations in dc-biased negative-effective-mass (NEM) p <Superscript> + </Superscript> pp <Superscript> + </Superscript> diodes. The formation and traveling of electric-field domains in the diodes are investigated in detail with a realistic treatment of the scatterings...</superscript></superscript>