... A theoretical model is developed in order to examine and explain the growth and welfare effects of optimal and non‐optimal innovation policies. The non‐optimal policy corresponds to a subsidy for national innovators that is equivalent to an optimal policy of incentives (tax cuts) to foreign investors. Since we...

... ; Pena, 2000 ; Renooy, 2007 ; Williams, 2005 ; Williams and Round, 2007 ; Williams and Windebank, 2005). Reflecting a strong consensus, hidden work here refers to paid work that is not declared to the authorities for tax, social security and/or labour law purposes when it should be declared (European...

...Maria Rosa Borges Purpose The purpose of this paper is to discuss the stock price adjustment after a dividend distribution, allowing for different types of investors and market imperfections, including taxes and transaction costs. Design/methodology/approach An arbitrage model is developed...

...Howell H. Zee Purpose The paper aims to investigate the possible crowding‐out of regular development aid by global taxes. Design/methodology/approach The paper models cross‐country interactions in aid giving using a simple Cournot‐Nash framework. Findings The paper argues that global taxes...

...‐term and long‐term uses. Design/methodology/approach A key component of the social discount rate is the elasticity of marginal utility of consumption (e) and it is estimated from OECD data relating to marginal and average rates of income tax. A tax model based on the principle of equal...