The Experts below are selected from a list of 13281 Experts worldwide ranked by ideXlab platform
Giorgos Stamatopoulos - One of the best experts on this subject based on the ideXlab platform.
-
decreasing returns patent licensing and price Reducing Taxes
Social Science Research Network, 2013Co-Authors: Debapriya Sen, Giorgos StamatopoulosAbstract:In industries where a patent system is in place, licensing agreements among competing firms often create distortions, as they involve royalties. Royalties are generally considered to be anti-competitive as they raise market prices and reduce consumer welfare. In this paper we propose simple tax policies that can alleviate these effects. We consider industries where firms produce under decreasing returns and trade a patented technology. We first show that the interaction of royalty rates with decreasing returns can generate the counter-intuitive result that market prices decrease in the magnitude of diseconomies of scale. Using this result, we construct quantity tax schemes that lower prices and raise consumer surplus. Via these Taxes the government collects sufficient revenue to compensate firms for their losses, without incurring any public deficit. Thus our schemes strictly Pareto improve the welfare of all agents.
-
decreasing returns patent licensing and price Reducing Taxes
MPRA Paper, 2013Co-Authors: Debapriya Sen, Giorgos StamatopoulosAbstract:Patent licensing agreements among competing firms usually involve royalties which are often considered to be anticompetitive as they raise market prices. In this paper we propose simple tax policies than can alleviate the effect of royalties. Considering a Cournot duopoly where firms produce under decreasing returns and trade a patented technology, we show that the interaction of royalties with decreasing returns may generate the counter-intuitive result that market prices decrease in the magnitude of diseconomies of scale. In such cases there exist progressive quantity Taxes on firms that weaken the effect of royalties and lower the market prices. These Taxes collect sufficient revenue to compensate firms for their losses. As a result, it is possible to design deficit neutral tax-transfer schemes that strictly Pareto improve the welfare of consumers as well as firms.
Debapriya Sen - One of the best experts on this subject based on the ideXlab platform.
-
decreasing returns patent licensing and price Reducing Taxes
Social Science Research Network, 2013Co-Authors: Debapriya Sen, Giorgos StamatopoulosAbstract:In industries where a patent system is in place, licensing agreements among competing firms often create distortions, as they involve royalties. Royalties are generally considered to be anti-competitive as they raise market prices and reduce consumer welfare. In this paper we propose simple tax policies that can alleviate these effects. We consider industries where firms produce under decreasing returns and trade a patented technology. We first show that the interaction of royalty rates with decreasing returns can generate the counter-intuitive result that market prices decrease in the magnitude of diseconomies of scale. Using this result, we construct quantity tax schemes that lower prices and raise consumer surplus. Via these Taxes the government collects sufficient revenue to compensate firms for their losses, without incurring any public deficit. Thus our schemes strictly Pareto improve the welfare of all agents.
-
decreasing returns patent licensing and price Reducing Taxes
MPRA Paper, 2013Co-Authors: Debapriya Sen, Giorgos StamatopoulosAbstract:Patent licensing agreements among competing firms usually involve royalties which are often considered to be anticompetitive as they raise market prices. In this paper we propose simple tax policies than can alleviate the effect of royalties. Considering a Cournot duopoly where firms produce under decreasing returns and trade a patented technology, we show that the interaction of royalties with decreasing returns may generate the counter-intuitive result that market prices decrease in the magnitude of diseconomies of scale. In such cases there exist progressive quantity Taxes on firms that weaken the effect of royalties and lower the market prices. These Taxes collect sufficient revenue to compensate firms for their losses. As a result, it is possible to design deficit neutral tax-transfer schemes that strictly Pareto improve the welfare of consumers as well as firms.
Shang Chuan - One of the best experts on this subject based on the ideXlab platform.
-
from relief to Reducing the Taxes three cases showing the changes of policy towards calamities in the ming dynasty
Collected Papers of History Studies, 2006Co-Authors: Shang ChuanAbstract:The policy to manage calamities in the Ming Dynasty changed greatly in the early Ming Dynasty from one - off relief and Reducing Taxes only one time by the government to universal cutting down Taxes and providing local help gradually. This is mainly due to the decline of the power of central government and the change of social space of grass roots. Along with the transformation of the general policy of government from heavy Taxes to decreasing Taxes, the policy to deal with calamities changed correspondingly.
Zlatica Konopkova - One of the best experts on this subject based on the ideXlab platform.
-
Reducing Taxes in slovakia
2017Co-Authors: Zlatica KonopkovaAbstract:The Slovak government has to cope with the consequences of the global financial crisis. In addition aging population brings down the working population and predicts an increase in spending on the social and health system. Consolidation of the public sector is therefore a key task for the government and politicians. This paper examines the effects of negative shock into the labour and capital income tax for Slovakia in 2014 using simple DSGE model of small and closed economy with 3 sectors. Stochastic analysis confirms the overall positive effects of decreasing direct Taxes. It is shown that economy is more sensitive to the shocks on labour than on capital income Taxes. Results are in line with expectations and theory and we can see that consumption and investments react in opposite way.
Pietro F Peretto - One of the best experts on this subject based on the ideXlab platform.
-
corporate Taxes growth and welfare in a schumpeterian economy
Journal of Economic Theory, 2007Co-Authors: Pietro F PerettoAbstract:Abstract I take a new look at the long-run implications of taxation through the lens of modern Schumpeterian growth theory. I focus on the latest vintage of models that sterilize the scale effect through a process of product proliferation that fragments the aggregate market into submarkets whose size does not increase with the size of the workforce. I show that the following interventions raise welfare: (a) granting full expensibility of RD (b) eliminating the corporate income tax and/or the capital gains tax; (c) Reducing Taxes on labor and/or consumption. What makes these results remarkable is that in all three cases the endogenous increase in the tax on dividends necessary to balance the budget has a positive effect on growth. A general implication of my analysis is that corporate taxation plays a special role in Schumpeterian economies and provides novel insights on how to design welfare-enhancing tax reforms.