2,930 research outputs found
Source versus Residence. A comparison from a New Economic Geography perspective
Recently, issues of international taxation have also been analysed from a New Economic Geography perspective. These discussions show that agglomerative forces play a non negligible role. In the paper, we introduce explicitly taxation into a Footloose Capital Model and compare implications of taxation according to the residence principle and the source principle from a New Economic Geography perspective. We confirm that agglomerative effects change the results substantially compared to the standard analysis and that the two taxation principles have different implications for industry agglomeration. (author's abstract)Series: Discussion Papers SFB International Tax Coordinatio
Information Loss and Anti-Aliasing Filters in Multirate Systems
This work investigates the information loss in a decimation system, i.e., in
a downsampler preceded by an anti-aliasing filter. It is shown that, without a
specific signal model in mind, the anti-aliasing filter cannot reduce
information loss, while, e.g., for a simple signal-plus-noise model it can. For
the Gaussian case, the optimal anti-aliasing filter is shown to coincide with
the one obtained from energetic considerations. For a non-Gaussian signal
corrupted by Gaussian noise, the Gaussian assumption yields an upper bound on
the information loss, justifying filter design principles based on second-order
statistics from an information-theoretic point-of-view.Comment: 12 pages; a shorter version of this paper was published at the 2014
International Zurich Seminar on Communication
Relative Information Loss in the PCA
In this work we analyze principle component analysis (PCA) as a deterministic
input-output system. We show that the relative information loss induced by
reducing the dimensionality of the data after performing the PCA is the same as
in dimensionality reduction without PCA. Finally, we analyze the case where the
PCA uses the sample covariance matrix to compute the rotation. If the rotation
matrix is not available at the output, we show that an infinite amount of
information is lost. The relative information loss is shown to decrease with
increasing sample size.Comment: 9 pages, 4 figure; extended version of a paper accepted for
publicatio
Taxation on Agglomeration
Recently, issues of international taxation have also been analysed from a New Economic Geography perspective. These discussions show that adding agglomerative forces can change the results considerably. In the paper, we introduce explicitly taxation and public expenditures into a Footloose Capital Model and investigate the local and global dynamic implications of such a public policy for industry agglomeration. It turns out that agglomeration can be highly sensitive wrt initial conditions and/or parameters and that these dynamic patterns are surprisingly robust wrt to the taxation principle.
The dynamics of wages and employment in a model of monopolistic competition and efficient bargaining
Dynamic Effects of Regulation and Deregulation in Goods and Labour Markets
Modern macroeconomic models with a Keynesian flavour usually involve nominal rigidities in wages and goods prices. A typical model is static and combines wage bargaining in the labour markets and monopolistic competition in the goods markets. As central policy implication it follows that deregulating labour and/or goods markets increases equilibrium employment. We reassess the consequences of deregulation in a dynamic model. It still increases employment at the fixed point, which corresponds to the static equilibrium solution. However, deregulation may also lead to stability loss and endogenous fluctuations.Labour and goods markets deregulation, monopolistic competition, business cycles
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