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Titolo:
Depreciation rules and value invariance with extractive firms
Autore:
Hartwick, JM; Karp, L; Van Long, N;
Indirizzi:
McGill Univ, Dept Econ, Montreal, PQ H3A 2T7, Canada McGill Univ MontrealPQ Canada H3A 2T7 Econ, Montreal, PQ H3A 2T7, Canada Queens Univ, Dept Econ, Kingston, ON K7L 3N6, Canada Queens Univ KingstonON Canada K7L 3N6 Econ, Kingston, ON K7L 3N6, Canada Univ Calif Berkeley, Dept Agr & Resource Econ, Berkeley, CA 94720 USA UnivCalif Berkeley Berkeley CA USA 94720 ce Econ, Berkeley, CA 94720 USA
Titolo Testata:
JOURNAL OF ECONOMIC DYNAMICS & CONTROL
fascicolo: 1, volume: 26, anno: 2002,
pagine: 99 - 116
SICI:
0165-1889(200201)26:1<99:DRAVIW>2.0.ZU;2-7
Fonte:
ISI
Lingua:
ENG
Soggetto:
CAPITAL INCOME TAXATION; NEUTRAL BUSINESS TAX; UNCERTAINTY; DESIGN;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
Citazioni:
23
Recensione:
Indirizzi per estratti:
Indirizzo: Van Long, N McGill Univ, Dept Econ, 855 Sherbrooke St W, Montreal, PQ H3A 2T7, Canada McGill Univ 855 Sherbrooke St W Montreal PQ Canada H3A 2T7 ada
Citazione:
J.M. Hartwick et al., "Depreciation rules and value invariance with extractive firms", J ECON DYN, 26(1), 2002, pp. 99-116

Abstract

The application of Samuelson's theorem on value invariance to the case of intertemporally optimizing firms is shown to require a judiciously chosen economic depreciation formula which depends on both current stock and current flow variables, in order to prevent the firms from changing their actionsin the face of the tax regime. We illustrate by deriving depreciation rules which achieve non-distortingness of actions and value-invariance for resource-extracting firms. (C) 2002 Elsevier Science B.V. All rights reserved.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 06/04/20 alle ore 11:43:05