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Recognizing spam as a pollution problem points to a market-based approach that could be more effective than prior approaches based on either technology or law. Combining insights from externality economics and information asymmetry, I argue that an imperfect market can create more value for...
Persistent link: https://www.econbiz.de/10014044017
If communication involves some transactions cost to both sender and recipient, what policy ensures that correct messages - those with positive social surplus - get sent? Filters block messages that harm recipients but benefit senders by more than transactions costs. Taxes can block positive...
Persistent link: https://www.econbiz.de/10010195139
bundle communicates about their qualities (or .identity.) to spectators. We investigate optimal indirect taxation when … consumption choices are motivated by two sorts of concerns: intrinsic consumption and costly signaling. Optimal indirect taxes are … introduced into a monotonic signaling game with a finite typespace of consumers. We provide sufficient conditions for the …
Persistent link: https://www.econbiz.de/10013144900
Tax compliance is modelled as a Bayesian Nash equilibrium in a costly state verification game with imperfect auditing. Neither the tax payer nor the auditor can measure the tax payer's true liability precisely: they observe independent noisy signals.
Persistent link: https://www.econbiz.de/10005574835
Many theoretical model show that redistribution causes low growth. However, cross-country regressions often suggest that growth is positively related to redistribution. This paper analyzes that puzzle in an open economy framework.
Persistent link: https://www.econbiz.de/10005697733
Persistent link: https://www.econbiz.de/10009521691
This paper, a much revised version of an earlier paper (with different tables), seeks to explain why Spanish merino wools arrived so late in the Low Countries, only from the 1420s, why initially only those cloth producers known as the nouvelles draperies chose to use them, and why their resort...
Persistent link: https://www.econbiz.de/10005704802
We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … unobserved by the government, but also by prospective employers. Signaling in both one and two dimensions is considered, where in … the latter case firms have an informational advantage vis-a-vis the government. The dual role of income taxation in …
Persistent link: https://www.econbiz.de/10012599061
We examine what an applicantś vita signals to potential employers about her willingness to cooperate in teams. Intensive social engagement may credibly reveal that an applicant cares about the well-being of others and therefore is less likely to free-ride in teamwork situations. We find that...
Persistent link: https://www.econbiz.de/10011434807
In signaling environments ranging from consumption to education, high quality senders often shun the standard signals …
Persistent link: https://www.econbiz.de/10011566317