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https://hdl.handle.net/10419/18896
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kanniainen, Vesa | en |
dc.contributor.author | Pääkkönen, Jenni | en |
dc.date.accessioned | 2009-01-28T15:53:38Z | - |
dc.date.available | 2009-01-28T15:53:38Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/18896 | - |
dc.description.abstract | Some markets are prone to develop shadow transactions for the purpose of tax avoidance.Moral sentiments control the allocation of consumers between the legal and illicit markets.Such sentiments include self-esteem and social disapproval. The market solution leads tofiscal externality resulting from tax avoidance and highlights the conflict between privateopportunism and collective values. Shadow markets may, however, enhance consumerwelfare by limiting the pricing power of firms and by controlling tax collection. The paperdevelops a model of endogenous segmentation of markets between moral and immoralbehavior. The legal producer can price the self-esteem of honest people, who can blackmailthe legal producer with their option of visiting the illicit market. The model has implicationsfor monetary economics: moral sentiments, tax rates, illegal transactions, and probability ofbeing caught become relevant for the demand for money. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1258 | en |
dc.subject.jel | D43 | en |
dc.subject.jel | L13 | en |
dc.subject.jel | H26 | en |
dc.subject.jel | E41 | en |
dc.subject.jel | D69 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | moral sentiments | en |
dc.subject.keyword | shadow economy | en |
dc.subject.keyword | welfare | en |
dc.subject.stw | Ethik | en |
dc.subject.stw | Schattenwirtschaft | en |
dc.subject.stw | Wohlfahrtseffekt | en |
dc.title | Anonymous money, moral sentiments and welfare | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 856874574 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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