A Fair Payroll Tax Rate for Financing Unemployment Benefits
Under the premise of equal employment opportunity and a balanced budget, a fair payroll tax rate for funding unemployment benefits is derived, aiming to minimize risk and promote employment.
이스라엘 가격 반올림 규제: 반올림 세금 감소와 주의력 페널티 증가
이스라엘의 가격 반올림 규제는 반올림 세금을 없애는 데는 성공했지만, 소비자의 주의력 부족을 이용한 가격 설정으로 인해 전반적인 소비자 부담은 증가했다.
The Impact of Israel's Price Rounding Regulation on Consumer Spending
While Israel's 2014 price rounding regulation successfully eliminated the rounding tax, it inadvertently led to an increase in consumer spending due to retailers' strategic use of 90-ending prices, highlighting the importance of evaluating policies based on outcomes rather than intentions.
Optimal Procurement Design with Scoring and Favoritism: Balancing Efficiency and Investment Costs
When procurement involves both winner-pay production costs and all-pay investment costs, optimal mechanisms may involve a degree of favoritism, balancing ex-post efficiency with the minimization of duplicated investment costs.
The Impact of Vertical Integration on Market Power: Evidence from the European Union
Vertical integration in the European Union leads to lower markups and increased sales, suggesting that it enhances market efficiency by eliminating double profit margins along the supply chain.
The Impact of Commodity Booms on Local Development: Evidence from Mining Windfalls in Peru
Local state capacity is crucial in determining whether natural resource windfalls translate into economic development, as strong state capacity enables effective utilization of windfalls for public goods provision and structural transformation, while weak state capacity can lead to a local resource curse characterized by increased social unrest and limited economic benefits.
A Theorem Characterizing the Cobb-Douglas Production Function Through Constant Labor Share of Cost
The Cobb-Douglas production function is uniquely characterized by the property that a firm with constant returns to scale will exhibit a constant labor share of cost when minimizing costs for any given output level if and only if its production function is Cobb-Douglas.
Optimal Incentive Design for Teams with Interdependent Productivity
Optimal incentive contracts for teams must account for how individual effort affects not only overall output but also the incentives and productivity of other team members.
Unbalanced Growth Inevitably Leads to Land Overvaluation
In economies experiencing unbalanced growth, where labor productivity grows faster than land productivity, land will inevitably become overvalued, exceeding its fundamental value determined by land rents.
配置位置性商品：一種機制設計方法
當消費者重視商品的相對消費地位時，透過機制設計可以找到最佳的位置性商品配置方式，並探討其對收益、消費者剩餘和市場排除的影響。
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