Showing papers by "Gary W. Yohe published in 1977"
TL;DR: In this paper, the authors reviewed the recent comparisons of price and quantity controls under uncertainty with an eye toward discovering their unifying concepts and found that when the control choice is important, the control that creates the better distribution of outputs in terms of magnitude and of correlation with the stochastic elements of the social loss function is preferred.
50 citations
TL;DR: In this article, an application of corporate income tax is discussed. But the impact of the tax rate on investment under distortion is not considered, and the application is limited to a single application: Corporate income taxation.
Abstract: I. Optimal government investment under distortion, 653.—II. An application: Corporate income taxation, 656.—III. The impact of depreciation, 661.—IV. Concluding remarks, 662.
36 citations