Now showing items 1-2 of 2

    • Optimal taxation with gradual learning of types 

      Costa, Carlos Eugênio da
      An important feature of life-cycle models is the presence of uncertainty regarding one’s labor income. Yet this issue, long recognized in different areas, has not received enough attention in the optimal taxation literature. ...
    • A theory of capital gains taxation and business turnover 

      Cavalcanti, Ricardo de Oliveira; Erosa, Andrés
      We present a theory concerning the realization of capital gains where ownership and control are linked as in Holmes and Schmitz (J. Pol. Econ. 103: 1005-1038, 1995). The model developed is a version of a Lucas-tree economy ...