Itens para a visualização no momento 1-4 of 4

    • Commodity Taxation and Social Insurance 

      Costa, Carlos Eugênio da
      2002
      We investigate optimal commodity taxation in a social insurance framework based on Varian (1980). We show that the tax prescriptions in this moral hazard framework are notably similar to those derive<! from models based ...
    • The forward and the equity premium puzzles: two symptoms of the same illness? 

      Costa, Carlos Eugênio da
      2006-05-25
      The Forward Premium Puzzle (FPP) is how the empirical observation of a negative relation between future changes in the spot rates and the forward premium is known. Modeling this forward bias as a risk premium and under ...
    • On the optimality of the Friedman Rule with heterogeneous agents and non-linear income taxation 

      Costa, Carlos Eugênio da
      2003-02-11
      We study the optimal 'inflation tax' in an environment with heterogeneous agents and non-linear income taxes. We first derive the general conditions needed for the optimality of the Friedman rule in this setup. These general ...
    • Yet another reason to tax goods 

      Costa, Carlos Eugênio da
      2003-11-27
      When, in a dynamic model, choices by an agent : i) are not observed, and; ii) affect preferences conditional on the realization of types, new and unexpected features come up in Mirrlees’ (1971) optimal taxation frame- work. ...