Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/117337 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
BERG Working Paper Series No. 103
Verlag: 
Bamberg University, Bamberg Economic Research Group (BERG), Bamberg
Zusammenfassung: 
In order to demonstrate that nonlinear tax systems may have surprising and potentially undesirable side effects, we develop an evolutionary market entry model in which firms decide on the basis of past profit opportunities whether or not to enter a competitive market. Our main focus is on the case of a proportional tax on positive profits. Such a piecewise-linear tax scheme induces a kink in the profit functions of firms' strategies, and may lead to abrupt changes in a market's dynamics, coexisting attractors and hysteresis problems. Since these phenomena can also be observed in more general models, a proper understanding of their basic mechanism may be helpful to explain the intricate behavior of many economic systems.
Schlagwörter: 
market entry model
replicator dynamics
evolutionary fitness
nonlinear profit taxes
stability analysis
policy implications
JEL: 
D84
E30
H20
ISBN: 
978-3-943153-20-0
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
2.74 MB





Publikationen in EconStor sind urheberrechtlich geschützt.