Showing papers in "Journal of Public Economics in 1994"

TL;DR: In this article, the authors present experimental evidence extending the investigation of free-riding behavior in public goods provision and present procedures to deal with the logistical problems inherent in experiments involving many subjects.

TL;DR: In this paper, the authors demonstrate that governments may have incentives to impose weak environmental standards on industries that compete for business in imperfectly competitive international markets, where "weak" means that the marginal cost of abatement is less than the marginal damage from pollution.

TL;DR: In this paper, the optimal provision of clean and dirty public goods is analyzed within the context of a second-best framework of optimal taxation, where the elasticity of substitution between private consumption commodities and leisure is large.

TL;DR: In this paper, a series of experiments are conducted, in which the effects of information about individual behaviour and the contributions of other players on subjects' choices are investigated, and the partnerstranger experiment of Andreoni (Journal of Public Economics, 1988, 37, 291,304) is replicated, but with results which partly differ from Andreoni's findings.

TL;DR: In this paper, the authors examine games involving private contributions to a public good and show that less of the public good will be supplied if agents move sequentially than if they move simultaneously.

TL;DR: In this paper, the impacts of tax policy and benefits on the signalling equilibrium are considered, and the benefits of a Pareto-improving tax policy are discussed. But the authors do not consider the impact of tax on the signaling equilibrium.

TL;DR: In this paper, the authors explore the comparative static properties of the impure public good model, in which a privately acquired activity jointly produces a public and a private good, expressed in terms of familiar income and Hicks-compensated price responses.

TL;DR: In this article, the authors consider an OLG model with productive capital and human capital affecting the quality of labor, and they show that government intervention in providing compulsory schooling increases economic growth along the equilibrium path, while the intragenerational income distribution becomes more equal.

TL;DR: In this paper, the authors studied the evolution of the personal distribution of wealth in a standard neoclassical growth model and found that the distribution of current period wealth Lorenz dominated by the next period's distribution.

TL;DR: In this article, the authors analyzed the effect of the Indiana enterprise zone (EZ) program on local employment and investment using a panel of local taxing jurisdictions, and they found that the value of inventories in Indiana zones is 8 percent higher than it would be without the program.

TL;DR: The authors empirically examined how taxes shape foreign direct investment and found that increased taxes spur inward foreign investment, which conforms with theories that recognize that foreign investor response is critically shaped by the tax provisions faced by the foreign investor in his home country and by the effects of tax reform on pre-tax asset returns.

TL;DR: In this paper, the authors proposed a model to shed light on two important policy features of privatization in Central and Eastern Europe: the idea of a necessary critical mass of privatization on one hand, and the great difficulties encountered in the actual privatization process on the other.

TL;DR: In this article, the authors compare two political regimes: direct democracy and representative democracy, where voters vote directly on the policy and elect a representative who then chooses policy, and show that in both regimes some form of commitment by the voters is necessary to avoid excessive taxation of capital.

TL;DR: The authors showed that for any unit tax imposed on a monopoly, there exists an ad valorem tax that Pareto dominates it, that produces larger profit, tax revenue, and consumer surplus.

TL;DR: In this paper, the authors investigate how well the most widely used static welfare indicators perform in identifying the chronically poor and propose a normative measure of performance: the cost of a given impact on chronic poverty when transfers are contingent upon a purely static indicator.

TL;DR: In this paper, the authors show that if different taxes have different evasion characteristics, some optimal tax mix emerges naturally, assuming that only income tax can be evaded and focusing on a two-class economy.

TL;DR: In this article, the authors considered government mechanisms for auctioning production rights in which both the winners and the market structure, doupoly (dual-sourcing), monopoly (sole sourcing), or government-owned production, are a function of the bids.

TL;DR: This article investigated individual lottery ticket purchases using data from a survey of households and found that demographic variables have a different effect on the probability of purchase than Tobit estimation, which does not allow for this generalization.

TL;DR: In this article, the authors extend the economic literature on the incomplete enforcement of social regulation by incorporating regulatory choice in an institutional environment of limited regulatory resources and powers, and show how regulatory decisions determine the structure of incentives faced by regulated firms.

TL;DR: The authors used a model that distinguishes labor markets by skill and concentrate on the imperfectly competitive mechanism of wage determination in the unskilled labor market to demonstrate that additional immigration might be beneficial precisely because of potential replacement effects.

TL;DR: In this paper, the authors examine the reasonableness for public policy analysis of non-constant discounting methods that, unlike constant discounting, can accord considerable importance to outcomes in the distant future.

TL;DR: In this paper, the authors develop a positive theory of public finance in which the objective of tax and spending policy is to extract rents for the incumbent ruler, and they show how dependence of the incumbent's survival probability on his tax-and-spending policy can lower the equilibrium tax rate and increase the equilibrium amount of spending on productive public services, but only until the minimum credible tax rate, which depends on the ruler's endogenous survival probability, becomes a binding constraint.

TL;DR: In this paper, the authors estimate what size the nontax advantage to incorporating must take in each industry so that the forecasted choices for organizational form, aggregated over investors in different tax brackets, are consistent with the aggregate evidence.

TL;DR: In this paper, the authors present a model in which government resources can be used "productivity" or "unproductively" for the benefit of the ruling party's constituency, and highlight the role of policy decisions that affect incentives and constraints faced by future governments.

TL;DR: In this article, the authors analyze the problem of interregional household migration and obtain the following results: if households are perfectly mobile across regions, then the decentralized provision of public goods generating spillovers is socially efficient.

TL;DR: In this article, the authors investigated the impact of public capital provision on the demand for private inputs using a cost function with public capital included as a fixed unpaid factor of production and showed that private and public capital are complements, whereas a substitutive relation emerges for labour.

TL;DR: This article found a strong negative association between the degree of experience-rating and the rate of temporary layoff unemployment, with the largest effect in recessionary years and the smallest effect in expansionary years.

TL;DR: This article provided an empirical study of the effects that a local government's fiscal decisions exert on its cost of borrowing, using a sample of New Jersey municipalities and found that a one standard deviation increase in the amount borrowed is associated with a 66 basis point increase in annual yield.

TL;DR: In this article, the authors consider the effect of an unequal distribution of consumers on the commodity tax policies of neighboring jurisdictions and show that, at a Nash equilibrium in tax levels, the sparsely populated state imposes a lower tax than does its densely populated neighbor.

TL;DR: In this article, the authors compare the financial structure and dividend policies of PTPs and corporations in the oil and gas exploration industry and find that PTP pays more dividends and borrow less than similar corporations.