Showing papers in "Journal of Public Economics in 1979"

TL;DR: In this article, the problem of correct revelation in a collective decision model is presented as a game with incomplete information, and two approaches to incomplete information are used, a first where the individual beliefs are not introduced and a second where they are.

TL;DR: In this article, the effects of the current income tax treatment of owner-occupied housing on the quantity of housing consumed and on the tenure choice by various groups were examined, and cross-sectional data for 1970 were used to estimate jointly tenure choice and housing demand equations.

TL;DR: The median voter model has been a mainstay of empirical public finance for three decades and has been used to estimate demand functions for a wide variety of public goods and services as mentioned in this paper.

TL;DR: This paper examined the robustness of these results with respect to three modifications of the standard model, including relaxing the assumption of linear income tax schedules and considering an alternative form for the penalty function.

TL;DR: In this paper, a bid-rent model of property value determination with a public good and property taxation is developed using the local government budget constraint, an estimating equation is derived which can indicate whether public goods are efficiently provided.

TL;DR: In this article, the authors examine the effects of corporate and personal taxation on firm financial policy and find that, as a result of such undervaluation, firms may find it in the best interest of their stockholders to distribute dividends.

TL;DR: In this article, the optimal tax analysis for the multi-period generation was shown to be Pareto efficient in the sense that no other target would permit a mutual welfare gain for the present generation and the next.

TL;DR: This paper examined consumer expenditure in 16 industrialized countries over the 1951-60 period and found that time series movements of social security exhibit a positive relation to consumer spending, while the cross-sectional variations reveal a negative association.

TL;DR: In this paper, the authors examined the argument that uniform indirect tax rates are necessary to remove trade distortions for participating countries in economic integration and showed that uniformity of tax rates is not necessary with either a general origin or destination based tax.

TL;DR: In this paper, the role of a futures market for price stabilization is discussed and the degree of stability provided by such a market is compared with that obtained by active market intervention by a stabilization authority.

TL;DR: In this paper, it was shown that when it is possible to achieve any feasible direction of change in supplies by a differential change in producer prices, there are unique producer support prices, the apparent differences between Guesnerie and Diewert are reconciled.

TL;DR: The validity of the clearance rate as a measure of either criminal justice system effectiveness or of the probability of punishment for crime can be questioned on the grounds that the relationship between CJS effectiveness and observed clearance rates is mediated by the choice behavior of criminals as discussed by the authors.

TL;DR: In this paper, the authors examined the free-rider argument as it applies to public intermediate goods and showed that, unlike in a static model, in a dynamic world there may exist incentives for firms to act cooperatively in determining the supply of public intermediary goods.

TL;DR: In this paper, the effect of the corporation income tax on the investment decision of the firm particularly with respect to the role of interest and depreciation deductions in determining the neutrality of the tax is examined.

TL;DR: In this paper, the authors propose a simple definition of economic equality and characterize non- paternalist egalitarian preferences, and compare their definition to the ideas of envy and fairness and extend these ideas to the case of extended benevolent preferences.

TL;DR: In this article, a sample of comparable Indonesian public and private enterprises showed lower public enterprise profit margins, but they also showed higher costs, so that public enterprise prices were not lower than private enterprise prices.

TL;DR: In this paper, the authors proposed a technique for computing optimal taxes in a full general equilibrium model, based upon a fixed point algorithm of the type that is widely used to solve Walrasian general equilibrium models.

TL;DR: In this article, a general equilibrium model of a many-consumer economy with commodity taxation is set up, and comparative static effects of small perturbations are studied. But the main concern is whether it will be optimal to rely on profit taxation alone given that it is feasible to do so.

TL;DR: In this paper, the authors show that many properties of consumption preferences are inherited by derived public sector preferences but not all, and they also question whether these preferences can be independent of prices with a negative conclusion.

TL;DR: In the general case, relevant to public sector project appraisal, such compensation is possible, and finite values are to be expected, judging by people's ordinary behaviour as discussed by the authors. But this is based on an illegitimate generalisation from a special case in which no effective compensation was possible.

TL;DR: This paper presented two methods for estimating the welfare effects induced by a change from one tax system to another using only local information pertaining to an initial equilibrium with distortive taxes and showed that these methods provide very accurate approximations to the true gains even when large tax changes are involved.

TL;DR: In this article, the authors provided an approach to determine the factors determining the size of the inheritances a person will receive during his lifetime, or when during the lifetime he is most likely to get his inheritance - if he gets one at all.

TL;DR: In this article, the authors used a simple model of bureau behavior to examine the response of a public agency to changes in compensation requirements and found that the presence of compensation requirements can affect the real output decisions of public agencies and not simply the distributional consequences of their decisions.

TL;DR: In this paper, necessary and sufficient conditions for a set of commodity taxes to be Pareto efficient are derived without reference to a social welfare function, and one of the necessary conditions derived by a revealed preference argument is particularly useful.

TL;DR: In this paper, the effect of a corporate income tax on the utilization and maintenance of capital and on the demand for capital stock and services is investigated, and it is shown that a tax that allows interest deductions is distortionary unless allowable depreciation depends on the firm's utilization decisions.

TL;DR: In this paper, a distributed-lag model is used to relate corporate saving to household consumption, rather than saving, because of deficiencies in saving data, and it is shown that undistributed corporate profits have no independent influence on consumption.