Results 111 to 120 of about 222 (211)

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

Generalized Lagrangian Path Approach to Manifestly-Covariant Quantum Gravity Theory. [PDF]

Entropy (Basel), 2018
Tessarotto M, Cremaschini C.
europepmc   +1 more source

The Short and the Long of It: Stock‐Flow Matching in the US Housing Market

International Economic Review, EarlyView.
ABSTRACT From 2006 until 2020, the probability of selling a house in the U.S. declined sharply after listing for 2 weeks. Moreover, sales within the first 2 weeks of listing (“quick sales”) and sales happening afterward (“slow sales”) behaved differently over the housing cycle.
Eric Smith, Zoe Xie, Lei Fang
wiley   +1 more source

Labor Market Monopsony Power and the Dynamic Gains to Openness Reforms

International Economic Review, EarlyView.
ABSTRACT We embed labor market monopsony into a dynamic heterogeneous‐firm general equilibrium model with exporting, horizontal FDI, and rich firm lifecycle dynamics. Rising marginal costs with monopsony slow and limit incumbent firm growth in response to liberalization, shifting adjustment to the extensive margin.
Priyaranjan Jha, Antonio Rodriguez‐Lopez, Adam Hal Spencer   +2 more
wiley   +1 more source

Majorization, Csiszár divergence and Zipf-Mandelbrot law. [PDF]

J Inequal Appl, 2017
Latif N, Pečarić Ð, Pečarić J.
europepmc   +1 more source

Entrepreneurship and Financial Deregulation

International Economic Review, EarlyView.
ABSTRACT We quantitatively analyze the impact of US banking deregulation in the 1980s on the aggregate economy. Using recent econometric techniques, we first reexamine existing empirical evidence on the real effects of banking deregulation. We then construct a quantitative model that integrates imperfectly competitive banks into a general equilibrium ...
Toshihiko Mukoyama, Gang Zhang
wiley   +1 more source

Chaos in Stochastic 2d Galerkin-Navier-Stokes. [PDF]

Commun Math Phys
Bedrossian J, Punshon-Smith S.
europepmc   +1 more source

Measuring and tracking obesity inequality in the United States: evidence from NHANES, 1971-2014. [PDF]

Popul Health Metr, 2016
Pak TY, Ferreira S, Colson G.
europepmc   +1 more source

Cross‐Prudence and Optimal Prevention

International Economic Review, EarlyView.
ABSTRACT In this paper, we study optimal prevention in the presence of a correlated nonfinancial background risk. Under positive correlation, cross‐prudence in the nonfinancial attribute reduces optimal prevention. We establish this result in the most direct extension of the standard prevention problem with binary marginal distributions and show that ...
Jingyuan Li, Richard Peter, Lin Zhou
wiley   +1 more source

Random walks on simplicial complexes and harmonics. [PDF]

Random Struct Algorithms, 2016
Mukherjee S, Steenbergen J.
europepmc   +1 more source