Taxation of rent-seeking activities

Article Abstract:

The taxes on businesses, which engage in rent-seeking contests, were examined. In these activities, the taxes can be on realized profits or on rent-seeking expenditures while the prizes can be awarded to either the highest bidder or to a firm with probability proportional to its share of total spending on lobbying. The results showed that rent-seeking activities are difficult to tax when companies make it appear like productive activity. In addition, the revenue generated by taxes on rent-seeking may induce groups to lobby for that revenue, thus, generating more rent seeking.

Taxation, Economic rent

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Income convergence within an economic union: the role of factor mobility and coordination

Article Abstract:

The important role of labor mobility in equalizing income levels for countries that begin from various initial income conditions is shown using a human-capital-based growth model. Human capital externalities with labor mobility strengthen the income level equalization process. Labor mobility is limited and income level equality will not be reached, given a non-cooperative equilibrium. Coordination, on the other hand, will permit free movement of labor within an economic union, resulting to income convergence.

Economics, Research and Development in the Social Sciences and Humanities, Analysis, Labor mobility, Capital movements, Human capital, International economic integration, Economic integration

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Credibility may require discretion, not rules

Article Abstract:

The common argument that rules lead to greater credibility than discretion is considered.

Truthfulness and falsehood

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