1,705 research outputs found
Altino da porto dei Veneti a mercato romano
III Convegno di Studi Altinati (Venezia 12-14 dicembre 2001) a cura di G. Cresci Marrone e M. Tirelli, Roma, Quasar Editor
Income Taxation when Markets are Incomplete
We investigate the welfare effects of proportional income taxation in a standard general equilibrium model with incomplete markets (GEI). Formally, our analysis is on the allocative effects of state-contingent income tax reforms. Tax reforms are restricted to be anonymous, publicly and truthfully announced before markets open, and they are required to result in an ex-post constrained efficient allocation. Our main result is to show that there do typically exist contingent tax reforms that are Pareto improving. These reforms, acting directly on the asset span, modify private risk sharing opportunities. Thus, unlike most of the GEI literature, the type of policy transmission mechanism considered does not rely on, second order, relative spot prices effects. Yet, the key welfare effects of our tax reforms are substantially equivalent to those induced through changes in relative spot prices, as for example in Geanakoplos-Polemarchakis (1986), Geanakoplos- Magill-Quinzii-Drèze (1990), or in Citanna-Polemarchakis-Tirelli (2001).Incomplete Markets; Efficiency; Tax Reforms; Personal and Capital Income Taxes
Disinflation, Inequality and Welfare in a TANK Model
We investigate the redistributive and welfare effects of disinflation in a two-agent New Keynesian (TANK) model characterized by Limited Asset Market Participation (LAMP) and wealth inequality. We highlight two key mechanisms driving our long-run results: i) the cash in advance constraint on firms working capital (CIA); ii) dividends endogeneity. These two channels point in opposite directions. Lower inflation softens the CIA and, by raising labor demand, lowers inequality. But the disinflation also raises dividends and this increases inequality. The disinflation is always welfare-improving for asset holders. We obtain ambiguous results for non-asset holders, who suffer substantial consumption losses during the transition
Orizzonti del sacro. Culti e santuari antichi in Altino e nel Veneto orientale
II Convegno di Studi Altinati (Studi e ricerche sulla Gallia Cisalpina, 14
Le sepolture di cavallo nella necropoli "Le Brustolade"
Saggio di sintesi sulle sepolture equine che caratterizzano le necropoli di Altino e inquadramento del probelma nel panorama del Veneto preroman
Produzioni, merci e commerci in Altino preromana e romana
III Convegno di Studi Altinati (Studi e ricerche sulla Gallia Cisalpina, 17
Vigilia di romanizzazione. Altino e il Veneto Orientale tra II e I sec. a.C.
I Convegno di Studi Altinati (Studi e ricerche sulla Gallia Cisalpina, 11
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