6,431 research outputs found
Consumption and Cash-Flow Taxes in an International Setting
We model the effects of consumption-type taxes which differ according to the base and location of the tax. Our model incorporates a monopolist producing and selling in two countries with three sources of rent, each in a different location: a fixed factor (located with production), mobile managerial skill, and a monopoly mark-up (located with consumption). In the general case, we show that for national governments, there are tradeoffs in choosing between alternative taxes. In particular, a cash-flow tax on a source basis creates welfare-impairing distortions to production and consumption, but is incident on the owners of domestic production who may be non-resident. By contrast, a destination-based cash-flow tax does not distort behavior, but is incident only on domestic residents. In the alternative case of perfect competition, with the returns to the fixed factor accruing to domestic residents, the only distortion from the source-based tax is through the allocation of the mobile managerial skill. In this case, the sourcebased tax is also incident only on domestic residents, and is dominated by an equivalent tax on a destination basis, or by a sales tax.
Effective Hamiltonian for fermions in an optical lattice across Feshbach resonance
We derive the Hamiltonian for cold fermionic atoms in an optical lattice
across a broad Feshbach resonance, taking into account of both multiband
occupations and neighboring-site collisions. Under typical configurations, the
resulting Hamiltonian can be dramatically simplified to an effective
single-band model, which describes a new type of resonance between the local
dressed molecules and the valence bond states of fermionic atoms at neighboring
sites. On different sides of such a resonance, the effective Hamiltonian is
reduced to either a t-J model for the fermionic atoms or an XXZ model for the
dressed molecules. The parameters in these models are experimentally tunable in
the full range, which allows for observation of various phase transitions.Comment: 5 pages, 2 figure
Taxing Corporate Income
Following Meade (1978), we reconsider issues in the design of taxes on corporate income. We outline developments in economies and in economic thought over the last thirty years, and investigate how these developments should affect the design of taxes on corporate income. We consider a number of tax systems which have been proposed, distinguishing them in two main dimensions: the definition of what is to be taxed, and where it is to be taxed. We propose that a tax levied on economic rent accruing in the corporate sector, and on a destination basis, merits serious consideration. We discuss alternative approaches, including both R-based and R+F-based flow-of-funds taxes and an ACE allowance. It is the destination basis â with border adjustments for exports and imports â which primarily distinguishes our proposals from those of Meade (1978).
Domain Patterns in the Microwave-Induced Zero-Resistance State
It has been proposed that the microwave-induced ``zero-resistance''
phenomenon, observed in a GaAs two-dimensional electron system at low
temperatures in moderate magnetic fields, results from a state with multiple
domains, in which a large local electric field \bE(\br) is oriented in
different directions. We explore here the questions of what may determine the
domain arrangement in a given sample, what do the domains look like in
representative cases, and what may be the consequences of domain-wall
localization on the macroscopic dc conductance. We consider both effects of
sample boundaries and effects of disorder, in a simple model, which has a
constant Hall conductivity, and is characterized by a Lyapunov functional.Comment: 19 pages, 5 figures; submitted to a special issue of Journal of
Statistical Physics, in honor of P. C. Hohenberg and J. S. Lange
Effective single-band models for strongly interacting fermions in an optical lattice
To test effective Hamiltonians for strongly interacting fermions in an
optical lattice, we numerically find the energy spectrum for two fermions
interacting across a Feshbach resonance in a double well potential. From the
spectrum, we determine the range of detunings for which the system can be
described by an effective lattice model, and how the model parameters are
related to the experimental parameters. We find that for a range of strong
interactions the system is well described by an effective model, and the
effective superexchange term, , can be smoothly tuned through zero on either
side of unitarity. Right at and around unitarity, an effective one-band general
Hubbard model is appropriate, with a finite and small on-site energy, due to a
lattice-induced anharmonic coupling between atoms at the scattering threshold
and a weakly bound Feshbach molecule in an excited center of mass state.Comment: 7 pages, 7 figures; minor typos correcte
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