Journal of Public Economic Theory最新文献_第7页

Stable licensing schemes in technology transfer 技术转让中的稳定许可计划

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2023-09-12 DOI: 10.1111/jpet.12664

Shin Kishimoto

引用次数: 0

Monopolistic competition, rising markups, and optimal taxation of participation 垄断性竞争、不断上涨的加价和对参与的最优税收

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2023-08-21 DOI: 10.1111/jpet.12661

Eren Gürer

{"title":"Monopolistic competition, rising markups, and optimal taxation of participation","authors":"Eren Gürer","doi":"10.1111/jpet.12661","DOIUrl":"10.1111/jpet.12661","url":null,"abstract":"This study explores the optimal taxation of participation within a monopolistically competitive product market that exhibits increasing markups. Individual labor supply responds along both intensive and extensive margins. The government simultaneously optimizes a nonlinear Mirrleesian income tax scheme, a flat profit tax rate, and a flat unemployment benefit. It is shown analytically that the monetized welfare cost of an increase in unemployment benefit is higher under monopolistic competition compared to under perfect competition. Nevertheless, numerical simulations suggest that the optimal unemployment benefit increases in response to greater markups when the government simultaneously optimizes all of its tools. The reason is that, along with a higher profit tax, rising markups require a decline in marginal income taxes. Lower marginal income taxes relieve the extensive margin distortions and accommodate an increase in the unemployment benefit. Accordingly, optimal nominal participation taxes remain approximately unchanged for the lower half of the ability distribution. For the upper half, the decline in income taxes outweighs the increase in the unemployment benefit, leading to lower optimal nominal participation taxes.","PeriodicalId":47024,"journal":{"name":"Journal of Public Economic Theory","volume":"26 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45640504","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Should credit card rewards be taxed? 信用卡奖励是否应该征税？

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2023-08-16 DOI: 10.1111/jpet.12660

Oz Shy

引用次数: 0

Cultural and economic integration of immigrant minorities: Analytical framework and policy implications 少数族裔移民的文化和经济融合:分析框架和政策含义

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2023-08-15 DOI: 10.1111/jpet.12662

Mark Gradstein, Moshe Justman

引用次数: 0

Asymmetric regulators in polluting mixed oligopolies: Agency problems and second-mover advantage 污染混合寡头垄断中的不对称监管:代理问题和后发优势

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2023-08-08 DOI: 10.1111/jpet.12659

John C. Strandholm, Ana Espinola-Arredondo, Felix Munoz-Garcia

引用次数: 0

Comparative analyses of fiscal sustainability of the budgetary policy rules 预算政策规则财政可持续性的比较分析

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2023-08-03 DOI: 10.1111/jpet.12658

Koichi Futagami, Kunihiko Konishi

引用次数: 1

Sovereign debt assistance and democratic decision-making 主权债务援助与民主决策

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2023-06-29 DOI: 10.1111/jpet.12656

Ruth Ben-Yashar, Miriam Krausz, Shmuel Nitzan

{"title":"Sovereign debt assistance and democratic decision-making","authors":"Ruth Ben-Yashar, Miriam Krausz, Shmuel Nitzan","doi":"10.1111/jpet.12656","DOIUrl":"10.1111/jpet.12656","url":null,"abstract":"Organizational reforms stimulating democratic decision-making play a role in the economic effectiveness of concessional debt and debt relief. Effectiveness is defined as the increase in project approval produced by debt assistance. This claim is supported by a theoretic model illustrating the role of democratic decision-making in increasing lending as well as in determining the effectiveness of debt assistance. Using the framework of group decision-making in a fixed-size committee, we suggest a novel explanation to the advantage of conditioning debt assistance on organizational reforms that target the decision-making structure in organizations. The results imply that if the aid organization can affect the level of democratization in organizations, it can exploit its advantage and set the debt assistance that induces the maximal increase in project approval. We derive conditions under which organizational reforms that impose various forms of democratic norms in decision-making are important for increasing the effectiveness of debt assistance. We also point to the case where replacing an autocratic decision maker can cause debt assistance effectiveness to decline.","PeriodicalId":47024,"journal":{"name":"Journal of Public Economic Theory","volume":"25 5","pages":"930-943"},"PeriodicalIF":1.1,"publicationDate":"2023-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42596905","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Equity-settled share-based payments and their (strategic) use under asymmetric information 股权结算的股份支付及其在不对称信息下的（战略）使用

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2023-06-27 DOI: 10.1111/jpet.12657

Stefano Bolatto, Giuseppe Pignataro

{"title":"Equity-settled share-based payments and their (strategic) use under asymmetric information","authors":"Stefano Bolatto, Giuseppe Pignataro","doi":"10.1111/jpet.12657","DOIUrl":"10.1111/jpet.12657","url":null,"abstract":"Share-based payments are of widespread use in today's economy. Consulting firms are increasingly accepting equity compensation for their services (particularly from startups) and many governments provide fiscal incentives to support this choice. Likewise, profit-sharing licensing is an on-trend business practice by innovative firms and patent holders when transferring their technology to interested adopters. This paper unveils strategic considerations according to which an agent/seller designs its optimal policy in regard to the equity share to request in exchange for its service, technology, or trademark. The model assumes a fringe of interested users/customers differentiated by both the support they need from the seller and the value of the underlying relationship; and also holding an informational disadvantage on their own type. Given the seller's cost configuration, equilibrium outcomes entail entering a profit-sharing relationship either with the high-type customers only or with all customers. Yet, in this case, equity-based payment claims are —for rent extraction purposes— common (i.e., not differentiated) across types.","PeriodicalId":47024,"journal":{"name":"Journal of Public Economic Theory","volume":"25 5","pages":"1012-1042"},"PeriodicalIF":1.1,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46020680","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Pricing energy consumption and residential energy-efficiency investment: An optimal tax approach 能源消费和住宅能源效率投资定价:一种最优税收方法

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2023-06-06 DOI: 10.1111/jpet.12655

Claude Crampes, Norbert Ladoux, Jean-Marie Lozachmeur

{"title":"Pricing energy consumption and residential energy-efficiency investment: An optimal tax approach","authors":"Claude Crampes, Norbert Ladoux, Jean-Marie Lozachmeur","doi":"10.1111/jpet.12655","DOIUrl":"10.1111/jpet.12655","url":null,"abstract":"We analyze a Pareto optimal income tax problem à la Mirrlees in which households consume three types of goods: energy goods, energy-efficient investments, and nonenergy goods. The two main ingredients of our normative analysis are: (i) an indirect relationship between energy and the satisfaction of energy needs, as energy-efficient investments transform energy into services, such as light, heating, and air conditioning; and (ii) imperfect information of the policy designer as regards the level of energy efficiency of households' housing and their labor market productivity. Each household differs with respect to these two latter characteristics, and the government designs a nonlinear income tax combined with energy and energy-efficient investment nonlinear pricing that maximizes a weighted sum of households' utilities. We show that a benevolent social planner should distort energy prices in a way that depends on the difference between the saturation of energy needs and the complementarity between energy and the level of energy efficiency in the provision of energy services. A sufficient condition for energy consumption to be subsidized is that the rebound effect is small. Second, when individuals can invest in energy efficiency on top of energy consumption, these investments should always be subsidized and the marginal subsidy should always be higher than the one on energy consumption.","PeriodicalId":47024,"journal":{"name":"Journal of Public Economic Theory","volume":"26 1","pages":""},"PeriodicalIF":1.1,"publicationDate":"2023-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42611825","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Twin peaks: Expressive externality in group participation 双峰：群体参与的表现外部性

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2023-05-31 DOI: 10.1111/jpet.12654

David K. Levine, Salvatore Modica, Junze Sun

引用次数: 0