Estimating structural demand and supply models using tax rates as instruments

2022 ◽  
Vol 205 ◽  
pp. 104561
Author(s):  
Adam Dearing
Keyword(s):  
Tax Rates ◽  
Demand And Supply ◽  
Structural Demand

THE IMPACTS OF DEMAND AND SUPPLY ELASTICITIES ON GAMBLING TAX CHOICES

2014 ◽  
Vol 8 (1) ◽  
pp. 53-71
Author(s):  
Xinhua Gu ◽  
Pui Sun Tam
Keyword(s):  
Policy Choice ◽  
Tax Incidence ◽  
Tax Burden ◽  
Tax Rates ◽  
Demand And Supply ◽  
Casino Industry ◽  
Market Structures ◽  
Elasticity Of Demand ◽  
Economic Rationale ◽  
Versus Supply

This study shows that whether a tax is heavy for local casinos in terms of economy-wide efficiency hinges on how much of the tax can be passed on to tourists. The division of the tax burden between casinos and tourists is affected by the relative elasticity of demand versus supply and tourists’ income factors. We find that gaming tax incidence is robust across different market structures. An uncompetitive casino industry may be more favorable for tax efficiency than its competitive counterpart. Policy choice between tax rates is observed to rest on the economic incidence of a statutory tax. We provide the economic rationale behind why a high tax is imposed inMacaoand a lenient tax is adopted inLas Vegas.

scholarly journals The Expected Utility Maximization Framework And The Demand and Supply For Retroactive Liability Insurance

2011 ◽  
Vol 7 (1) ◽  
pp. 75
Author(s):  
Jorge L. Urrutia
Keyword(s):  
Expected Utility ◽  
Insurance Coverage ◽  
Economic Feasibility ◽  
Liability Insurance ◽  
Tax Rates ◽  
Demand And Supply ◽  
Tax Rate ◽  
Wealth Maximization ◽  
Expected Utility Maximization ◽  
Maximization Principle

The paper uses the expected utility of wealth maximization principle to establish the economic boundaries under which a market for retroactive liability insurance will develop. It is shown that the economic feasibility for the backdated insurance coverage is affected by the income tax rates, and the levels of risk aversion of the potential insurer and insured and by the time to settlement. However, the potential insurers tax rate is more relevant than the other parameters.

Illicit Drugs: Price Elasticity of Demand and Supply

2002 ◽  
Author(s):  
William Rhodes ◽  
Patrick Johnston ◽  
Song Han ◽  
Quentin McMullen ◽  
Lynne Hozik
Keyword(s):  
Price Elasticity ◽  
Illicit Drugs ◽  
Demand And Supply ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

Problems of the US Economic Policy

2013 ◽  
pp. 129-143
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
Real Estate ◽  
Full Employment ◽  
Tax Rates ◽  
Equitable Distribution ◽  
Investment Rate ◽  
The Us ◽  
Budget Systems ◽  
Enterprise Activity ◽  
The U.S

How to provide for full employment and equitable distribution of incomes and wealth are the keenest issues of the U.S. society. The Democratic and the Republican Parties have elaborated opposing views on economic policy, though both parties are certain that the problems may be resolved through the reform of the federal tax and budget systems. Globalization demands to increase incentives for labor and enterprise activity and for savings to secure proper investment rate. Tax rates for labor and enterprise incomes are to be low, but tax rates for consumption, real estate and land should be progressive.

A Study on the Countermeasures for Demand and Supply Control in Case of High Penetration of Renewable Energy Sources

2016 ◽  
Vol 136 (5) ◽  
pp. 459-470 ◽  
Author(s):  
Yuki Tsujii ◽  
Takao Tsuji ◽  
Tsutomu Oyama ◽  
Yoshiki Nakachi ◽  
Suresh Chand Verma
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Demand And Supply ◽  
High Penetration

Multi-component complex ores: Special aspects of using ad valorem and specific mineral extraction tax rates

2020 ◽  
Vol 26 (6) ◽  
pp. 1297-1314
Author(s):  
T.A. Loginova
Keyword(s):  
Krasnoyarsk Krai ◽  
Tax Rates ◽  
Russian Regions ◽  
Rent Extraction ◽  
Effective Tax Rate ◽  
Mineral Extraction ◽  
Tax Rate ◽  
Significant Differentiation ◽  
The Russian Federation ◽  
Ad Valorem

Subject. This article discusses the issues related to the taxation for multi-component complex ores and commercial components using ad valorem and specific mineral extraction tax (MET) rates. Objectives. The article aims to assess some results of the application of specific MET rates in the Krasnoyarsk Krai and ad valorem rates in other subjects of the Russian Federation, taking into account the specifics of the current taxation procedure for multi-component complex ores and their commercial components. Methods. For the study, I used a comparative analysis, synthesis, and the method of extrapolation. Results. The article shows that the change in the type of MET rate for multi-component complex ores and commercial components has led to a significant increase in the effective tax rate. This led to an increase in the corresponding MET revenues in the Krasnoyarsk Krai. The article also substantiates that the introduction of specific rates in other Russian regions requires a significant differentiation of specific MET rates. However, this is risk-bearing concerning unfair distribution of the tax burden and the complexity of tax administration. Conclusions. The issue of identifying multi-component complex ores and their commercial components is controversial. Extending specific MET rates to other regions may complicate the mechanism of rent extraction.

On strategy for the development of multifunctional social infrastructure complexes in the ‘Smart City’ paradigm

2020 ◽  
Vol 26 (7) ◽  
pp. 1469-1495
Author(s):  
A.L. Sabinina ◽  
V.V. Sokolovskii ◽  
N.A. Shul'zhenko ◽  
N.A. Sychova
Keyword(s):  
Smart City ◽  
Housing Demand ◽  
Infrastructure Development ◽  
Social Infrastructure ◽  
Strategic Decisions ◽  
Demand And Supply ◽  
Living Space ◽  
Two Stages ◽  
The Cost ◽  
Comprehensive Study

Subject. The article describes the findings of the authors of fundamental strategic decisions on the formation of multifunctional urban complexes, using the housing demand and supply criterion. Objectives. We undertake a comprehensive study aimed at perfecting the methodology for evaluating the options for city infrastructure development at two stages, i.e. strategic, when general targets of feasible commissioning are determined, and current, when parameters of demand for facilities are taken into account. Methods. The study employs methods of expert survey, statistical data processing, predictive and investigative analysis. Results. We explored factors of creating amenities and comfort in residential construction areas, developed an algorithm to calculate the volume of new living space commissioning on the basis of evaluating demands in the Smart City paradigm. Conclusions. The study shows the cost increase depending on the built-up area, number of floors, and the balance between the type of capacity and the number of residents in the quarter (linear relationship).

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