Optimal Taxation and Risk-Sharing Arrangements in an Economic Federation

This paper analyzes optimal taxation and risk-sharing arrangements in an economy with two levels of government. Both levels provide public goods and finance their expenditures via labor income taxation, where the tax base is responsive to the private agents' labor supply decisions. The localities are assumed to experience different random productivity shocks, meaning hat the private labor supply decisions as well as the choices of income tax rates are carried out under uncertainty. Part of the central overnment's decision problem is then to provide ax revenue sharing between the local governments. The optimal degree of revenue sharing depends on whether or not the localities/regions differ with respect to labor supply incentives.Optimal taxation; multilevel government; fiscal externalities; uncertainty; risk-sharing

Optimal Tax Progression: Does it Matter if Wage Bargaining is Centralized or Decentralized?

We study how the optimal use of labor income tax progression depends on whether the wage bargaining system is decentralized or centralized. Assuming a nonlinear labor income tax and an unrestricted profit tax, we show that a Utilitarian government is able to implement the first best resource allocation with a zero marginal labor income tax rate under decentralized wage bargaining, whereas centralized bargaining typically implies a progressive tax as well as unemployment. However, if the government and a (central) wage-setter bargain over wage formation and public policy, the resulting equilibrium is characterized by full employment and a zero marginal tax rate.Optimal taxation; tax progressivity; wage bargaining; corporatism

Credibility Assessments as 'Normative Leakage': Asylum Applications, Gender and Class

Based on the assumption that credibility assessments function as 'normative leakage' within the asylum process, we analyse how narratives of gender and class are articulated, rendered meaningful, or silenced in credibility assessments. Two cases concerning male applicants are selected in order to illustrate these processes. In relation to the existing concepts of internal/external credibility, we wish to introduce the concept of social credibility, which focuses on how the assessors read different socio-cultural narratives. While previous research has shown that the postcolonial will to protect women favours women as victims of patriarchal cultures, we wish to point out the continuity of this line of argumentation in relation to male and female applicants by adopting a theoretical generalization: male applicants instead become situated at the other end of the spectrum of postcolonial notions of modernity as non-victims, victims of other circumstances or perpetrators. We argue that these processes are accentuated in relation to credibility assessments. In order to prevent processes of social exclusion and to enhance inclusive practice, authorities need to acknowledge the 'normative leakage' associated with the assessment process

Pluricomplex Green and Lempert functions for equally weighted poles

For $\Omega$ a domain in $\mathbb C^n$, the pluricomplex Green function with poles $a_1, ...,a_N \in \Omega$ is defined as $G(z):=\sup \{u(z): u\in PSH_-(\Omega), u(x)\le \log \|x-a_j\|+C_j \text{when} x \to a_j, j=1,...,N \}$. When there is only one pole, or two poles in the unit ball, it turns out to be equal to the Lempert function defined from analytic disks into $\Omega$ by $L_S (z) :=\inf \{\sum^N_{j=1}\nu_j\log|\zeta_j|: \exists \phi\in \mathcal {O}(\mathbb D,\Omega), \phi(0)=z, \phi(\zeta_j)=a_j, j=1,...,N \}$. It is known that we always have $L_S (z) \ge G_S(z)$. In the more general case where we allow weighted poles, there is a counterexample to equality due to Carlehed and Wiegerinck, with $\Omega$ equal to the bidisk. Here we exhibit a counterexample using only four distinct equally weighted poles in the bidisk. In order to do so, we first define a more general notion of Lempert function "with multiplicities", analogous to the generalized Green functions of Lelong and Rashkovskii, then we show how in some examples this can be realized as a limit of regular Lempert functions when the poles tend to each other. Finally, from an example where $L_S (z) > G_S(z)$ in the case of multiple poles, we deduce that distinct (but close enough) equally weighted poles will provide an example of the same inequality. Open questions are pointed out about the limits of Green and Lempert functions when poles tend to each other.Comment: 25 page

Convergence and multiplicities for the Lempert function

Given a domain $\Omega \subset \mathbb C$, the Lempert function is a functional on the space Hol (\D,\Omega) of analytic disks with values in $\Omega$, depending on a set of poles in $\Omega$. We generalize its definition to the case where poles have multiplicities given by local indicators (in the sense of Rashkovskii's work) to obtain a function which still dominates the corresponding Green function, behaves relatively well under limits, and is monotonic with respect to the indicators. In particular, this is an improvement over the previous generalization used by the same authors to find an example of a set of poles in the bidisk so that the (usual) Green and Lempert functions differ.Comment: 24 pages; many typos corrected thanks to the referee of Arkiv for Matemati

Social Identity, Education and Tax Policy

Abstract This paper analyzes the implications of social identity and self-categorization in the context of optimal redistributive income taxation. A two-type model is supplemented by an assumption that individuals select themselves into social categories, in which norms are formed and education effort choices partly depend on these norms. Optimal tax policy is analyzed under two different assumptions about the social objective function: a welfarist objective based on consumer preferences and a paternalist objective that does not reflect the consumer preference for social identity. We show how the welfarist government implements a tax policy to internalize the externalities arising from social norms, while the paternalist government uses tax policy to make individuals behave as if their preferences for social identity were absent. JEL classification: D03, H21, I21, Z1

Recent Advancements in IGCT Technologies for High Power Electronics Applications

Keywords «IGCT», «Power semiconductor device», «High power discrete device», «Bipolar device», «Industrial application». Abstract In this paper, we review the progress made recently for further developing the Integrated Gate Commutated Thyristor (IGCT) device concept for high power electronics applications. A wide range of newly introduced IGCT technologies are discussed and recent prototype experimental results as well as novel structures and future trends of the IGCT technology are presented. This will provide system designers with a comprehensive overview of the potentials possible with this device concept

Assessing the effect of the time since transition to organic farming on plants and butterflies

1.Environmental changes may not always result in rapid changes in species distributions, abundances or diversity. In order to estimate the effects of, for example, land-use changes caused by agri-environment schemes (AES) on biodiversity and ecosystem services, information on the time-lag between the application of the scheme and the responses of organisms is essential

Adaptation and Convergent Evolution within the Jamesonia-Eriosorus Complex in High-Elevation Biodiverse Andean Hotspots

The recent uplift of the tropical Andes (since the late Pliocene or early Pleistocene) provided extensive ecological opportunity for evolutionary radiations. We test for phylogenetic and morphological evidence of adaptive radiation and convergent evolution to novel habitats (exposed, high-altitude páramo habitats) in the Andean fern genera Jamesonia and Eriosorus. We construct time-calibrated phylogenies for the Jamesonia-Eriosorus clade. We then use recent phylogenetic comparative methods to test for evolutionary transitions among habitats, associations between habitat and leaf morphology, and ecologically driven variation in the rate of morphological evolution. Páramo species (Jamesonia) display morphological adaptations consistent with convergent evolution in response to the demands of a highly exposed environment but these adaptations are associated with microhabitat use rather than the páramo per se. Species that are associated with exposed microhabitats (including Jamesonia and Eriorsorus) are characterized by many but short pinnae per frond whereas species occupying sheltered microhabitats (primarily Eriosorus) have few but long pinnae per frond. Pinnae length declines more rapidly with altitude in sheltered species. Rates of speciation are significantly higher among páramo than non-páramo lineages supporting the hypothesis of adaptation and divergence in the unique Páramo biodiversity hotspot

Effects of serelaxin in patients with acute heart failure

Background: Serelaxin is a recombinant form of human relaxin-2, a vasodilator hormone that contributes to cardiovascular and renal adaptations during pregnancy. Previous studies have suggested that treatment with serelaxin may result in relief of symptoms and in better outcomes in patients with acute heart failure. Methods: In this multicenter, double-blind, placebo-controlled, event-driven trial, we enrolled patients who were hospitalized for acute heart failure and had dyspnea, vascular congestion on chest radiography, increased plasma concentrations of natriuretic peptides, mild-to-moderate renal insufficiency, and a systolic blood pressure of at least 125 mm Hg, and we randomly assigned them within 16 hours after presentation to receive either a 48-hour intravenous infusion of serelaxin (30 μg per kilogram of body weight per day) or placebo, in addition to standard care. The two primary end points were death from cardiovascular causes at 180 days and worsening heart failure at 5 days. Results: A total of 6545 patients were included in the intention-to-treat analysis. At day 180, death from cardiovascular causes had occurred in 285 of the 3274 patients (8.7%) in the serelaxin group and in 290 of the 3271 patients (8.9%) in the placebo group (hazard ratio, 0.98; 95% confidence interval [CI], 0.83 to 1.15; P=0.77). At day 5, worsening heart failure had occurred in 227 patients (6.9%) in the serelaxin group and in 252 (7.7%) in the placebo group (hazard ratio, 0.89; 95% CI, 0.75 to 1.07; P=0.19). There were no significant differences between the groups in the incidence of death from any cause at 180 days, the incidence of death from cardiovascular causes or rehospitalization for heart failure or renal failure at 180 days, or the length of the index hospital stay. The incidence of adverse events was similar in the two groups. Conclusions: In this trial involving patients who were hospitalized for acute heart failure, an infusion of serelaxin did not result in a lower incidence of death from cardiovascular causes at 180 days or worsening heart failure at 5 days than placebo. (Funded by Novartis Pharma; RELAX-AHF-2 ClinicalTrials.gov number, NCT01870778. opens in new tab.