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Second, in addition to the analysis of marginal tax rates for labour and capital income, we examine the conditions for the optimal provision of public good under distorting
the marginal tax reform encourage labor supply, and the increased indirect taxes, the separation of capital and labor income taxation, and the new transfer system all reduce
Proost, Marginal tax reform, externalities and income distribution 343 McGarry, K., The cost of equality: unequal bequests and tax avoidance 179. Newey, W.,
The units are thousands of dollars (constant 1991$) so that the coefficient on compliance in the leftmost column implies $583 000 of capital investment induced by each new
We represent the strategic interactions in the resource market as a differential game between a coalition of importing-country governments and a cartel of oil exporters, where
waiting resolves uncertainty, the only distortion stems from adverse selection in the first period. Therefore, the competitive outcome again can be characterized by considering
They present new theoretical findings on the economic consequences of estate taxation, new simulation findings on the importance of bequests and other intergenerational transfers
If a limit on finance for firms prevents such a solution from being attained, the optimal government ownership share tends to be yet higher because this causes the price that a
