Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96246
Authors: 
Ackermann, Hagen
Fochmann, Martin
Year of Publication: 
2014
Series/Report no.: 
Arqus-Diskussionsbeiträge zur quantitativen Steuerlehre 158
Abstract: 
The aim of this study is to analyze how depreciation rules influence the decision behavior of investors. For this purpose, we conduct a laboratory experiment in which participants decide on the composition of an asset portfolio in different choice situations. Using an experimental environment with different payment periods, we show that accelerated compared to straight-line depreciation can increase the willingness to invest as hypothesized by theory. Additionally, we are able to replicate the unexpected finding of Ackermann et al. (2013) - that introducing a subsidy leads to a lower willingness to take risk although the net returns are kept constant - with our setting which is different to their experimental environment.
Subjects: 
Taxation
Straight-line Depreciation
Accelerated Depreciation
Tax Perception
Risk Taking Behavior
Portfolio Choice
Behavioral Taxation
JEL: 
C91
D14
H24
Document Type: 
Working Paper

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