3,277 research outputs found
Amnesty, Enforcement and Tax Policy
Amnesties are widely used in society to rehabilitate past sinners, to collect resources, such as library books, that would otherwise be unrecoverable, and to make enforcement easier by reducing the ranks of delinquents. Over the past four years, tax amnesties have emerged as a major instrument of state revenue policy. Twenty states conducted amnesties. Record collections were made by New York (100 billion tax evasion problem, now offer an amnesty of its own? What type of federal program would most likely be offered? What would it be likely to accomplish? State tax amnesties have generally bean coupled with enhanced enforcement efforts, a feature intended to preserve the legitimacy of the tan system. The amnesty/enforcement combination twists the penalty schedule, lowering it non raising it later, in that way encouraging prompt payment. With no past sins to hide, future compliance also becomes less costly, hence more probable. Any federal amnesty, we predict, would be accompanied by a strengthening of enforcement. After reviewing the state experience, we speculatively estimate that a federal amnesty/enforcement to annual revenues on the order of $10 billion.
Issues in Sports Forecasting
A great amount of effort is spent in forecasting the outcome of sporting events, but few papers have focused exclusively on the characteristics of sports forecasts. Rather, many papers have been written about the efficiency of sports betting markets. As it turns out, it is possible to derive considerable information about the forecasts and the forecasting process from the studies that tested the markets for economic efficiency. Moreover, the huge number of observations provided by betting markets makes it possible to obtain robust tests of various forecasting hypotheses. This paper is concerned with a number of forecasting topics in horse racing and several team sports. The first topic involves the type of forecast that is made: picking a winner or predicting whether a particular team beats the point spread. Different evaluation procedures will be examined and alternative forecasting methods (models, experts, and the market) will be compared. The paper also examines the evidence about the existence of biases in the forecasts and concludes with the applicability of these results to forecasting in general.sports forecasting; betting markets; efficiency; bias; sports models
Heat transport and flow structure in rotating Rayleigh-B\'enard convection
Here we summarize the results from our direct numerical simulations (DNS) and
experimental measurements on rotating Rayleigh-B\'enard (RB) convection. Our
experiments and simulations are performed in cylindrical samples with an aspect
ratio \Gamma varying from 1/2 to 2. Here \Gamma=D/L, where D and L are the
diameter and height of the sample, respectively. When the rotation rate is
increased, while a fixed temperature difference between the hot bottom and cold
top plate is maintained, a sharp increase in the heat transfer is observed
before the heat transfer drops drastically at stronger rotation rates. Here we
focus on the question of how the heat transfer enhancement with respect to the
non-rotating case depends on the Rayleigh number Ra, the Prandtl number Pr, and
the rotation rate, indicated by the Rossby number Ro. Special attention will be
given to the influence of the aspect ratio on the rotation rate that is
required to get heat transport enhancement. In addition, we will discuss the
relation between the heat transfer and the large scale flow structures that are
formed in the different regimes of rotating RB convection and how the different
regimes can be identified in experiments and simulations.Comment: 12 pages, 10 figure
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