Results 121 to 130 of about 206 (169)
When in Doubt, Tax More Progressively? Uncertainty and Progressive Income Taxation
International Economic Review, EarlyView.ABSTRACT We study the optimal income tax problem under parameter uncertainty about household preferences and wage dynamics. We derive conditions characterizing how such uncertainty affects optimal tax policy. To quantify the effect, we estimate a life‐cycle model using US data and a Bayesian approach.
Minsu Chang, Chunzan Wu
wiley +1 more source
Simultaneous inference procedures for the comparison of multiple characteristics of two survival functions. [PDF]
Stat Methods Med ResRistl R +4 more
europepmc +1 more source
The Legacy of Policy Inaction in Climate‐Growth Models
International Economic Review, EarlyView.ABSTRACT To better understand the structure and core mechanisms of a broad class of climate‐growth models, we study a simplified version of the dynamic integrated model of climate and the economy (DICE) through the lens of growth theory. We analytically show that this model features a continuum of saddle‐point stable steady states.
Thomas Steger, Timo Trimborn
wiley +1 more source
Pairwise Imitation and Tournament Graphs
International Economic Review, EarlyView.ABSTRACT This paper investigates strategic dynamics under the behavioral rule of pairwise interact and imitate (PII), which requires minimal information and emphasizes outperforming opponents in pairwise interactions. We characterize PII using weak tournament graphs and, for a broad class of dynamics, establish a one‐shot stability result for ...
Sung‐Ha Hwang +3 more
wiley +1 more source
Stability of Homomorphisms, Coverings and Cocycles I: Equivalence
Chapman M, Lubotzky A.
europepmc +1 more source
Accounting for the Evolution of China's Production and Trade Patterns
International Economic Review, EarlyView.ABSTRACT We study the evolution of China's production and trade patterns during its integration into the global economy. Using firm‐level microdata, we document how production and exports shifted across industries and within industries across firms.
Hanwei Huang, Jiandong Ju, Vivian Z. Yue
wiley +1 more source
The Decentralization of Liquor Policies in Texas During the Post‐Prohibition Era
International Economic Review, EarlyView.ABSTRACT We examine the decentralization of liquor policies in Texas during the Post‐Prohibition era using newly collected historical legislative roll call data. By combining these data with local referendum vote shares, we analyze both legislators' and constituents' preferences on liquor policy.
Andrew Arnold, Holger Sieg
wiley +1 more source
An axiomatic characterization of the Borda mean rule. [PDF]
Soc Choice Welfare, 2019 Brandl F, Peters D.
europepmc +1 more source
Rational Expectations Fools' Bubbles
International Economic Review, EarlyView.ABSTRACT We develop a rational, Walrasian model of speculative bubbles inspired by the Kindleberger–Minsky view, which describes bubbles as wave‐like market processes. Touched off by an initial shock, price booms are initially self‐reinforcing but become self‐destructive later when prices surpass fundamental value.
Luis Araujo, Antonio Doblas‐Madrid
wiley +1 more source