… In this book, Shoven and Whalley describe all aspects of developing applied general
equilibrium models, including developing an appropriate equilibrium structure, calibrating the …

… The models we survey try to improve upon the dynamic modeling of Ballard, Fullerton,
Shoven, and Whalley . They incorporate more forwardlooking behavior, and improve the …

… Ballard, Fullerton, Integration analysis: four US personal and Total integration of personal
and Shoven, Whalley alternative plans for corporate income corporate income taxes yields …

In recent years, increasing attention has been paid by public finance economists to the marginal
excess burden (MEB) 1 per additional dollar of tax revenue. Estimates of MEBs stand in …

This paper investigates the circumstances under which a firm will be forced into bankruptcy.
The model developed can be viewed as part of a larger framework which would be …

Wote: Cowles Psundation Discussien Paper materials circulated to stimulat critičal: csinsat,
Requests før Paper will be filled by tha çaylı this listiks of the supply. Ràferi to bisesssten …

Economists have long been puzzled by why firms pay dividends when alternative methods
of rewarding shareholders and financiers exist which involve less taxes. This paper will …

Exchange-traded funds (ETF’s) are a rapidly growing class of financial products. ETF’s are
typically organized as unit trusts. They were introduced in 1993, and by the end of 2001, they …

Three main types of mortgages are fixed interest contracts which automatically fall due on
the sale of a dwelling, fixed rate loans which are assumable by a buyer, and floating rate …

This article reexamines the incidence and efficiency cost of the discriminatory taxation of
capital income in the United States. It is argued that Harberger's 1966 estimates of the static …