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
Ordinal pattern-based change point detection. [PDF]
Test (Madr)Betken A, Micali G, Schmidt-Hieber J.
europepmc +1 more source
Dynamics of gene regulatory networks and their dependence on network topology and quantitative parameters - the case of phage λ. [PDF]
BMC Bioinformatics, 2019 Ruklisa D +4 more
europepmc +1 more source
Multidimensional Poverty in Kenya: Analysis of Maternal and Child Wellbeing [PDF]
This paper generates multidimensional poverty profiles for women and children over a ten-year period from 1993 to 2003.Data from the national Demographic and Health Survey are used to improve measurement of poverty in Kenya in four ways: First, the paper
Jane Kabubo-Mariara +2 more
core +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
Unique Information Through the Lens of Channel Ordering: An Introduction and Review. [PDF]
Entropy (Basel)Banerjee PK.
europepmc +1 more source
The Ordering of Shannon Entropies for the Multivariate Distributions and Distributions of Eigenvalues. [PDF]
Entropy (Basel), 2019 Tsai MT, Hsu FJ, Tsai CH.
europepmc +1 more source
Screening multi-dimensional heterogeneous populations for infectious diseases under scarce testing resources, with application to COVID-19. [PDF]
Nav Res Logist, 2022 El Hajj H +3 more
europepmc +1 more source
Inequalities associated with intra-inter-class correlation matrices [PDF]
This paper complements the results of Tong (Ann. Statist. 17 (1989) 429), Shaked and Tong (Ann. Statist. 20 (1992) 614) and Eaton (in: Stochastic Inequalities, IMS Lecture Notes Monograph Series, Vol.
Kurata, Hiroshi
core
Miners' Reward Elasticity and Stability of Competing Proof‐of‐Work Cryptocurrencies
International Economic Review, EarlyView.ABSTRACT Proof‐of‐Work cryptocurrencies employ miners to sustain the system through algorithmic reward adjustments. We develop a stochastic model of the multicurrency mining and identify conditions for stable transaction speeds. Bitcoin's algorithm requires hash supply elasticity <$<$1 for stability, while ASERT remains stable for any elasticity and ...
Kohei Kawaguchi +2 more
wiley +1 more source