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Displaying results 1 to 3 of 3.

  1. Prospect theory and tax evasion
    a reconsideration of the Yitzhaki puzzle
    Author: Piolatto, Amedeo; Rablen, Matthew D.
    Published: 2013
    Publisher:  IZA, Bonn

    The standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four distinct... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 4 (7760)
    Inter-library loan:
    No inter-library loan

     

    The standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four distinct elements of prospect theory and find loss aversion and probability weighting to be redundant in respect of the puzzle. Prospect theory fails to reverse the puzzle for various classes of endogenous specification of the reference level. These classes include, as special cases, the most common specifications in the literature. New specifications of the reference level are needed, we conclude.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/89908
    Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 7760
    Subjects: prospect theory; tax evasion; Yitzhaki puzzle; stigma; diminishing sensitivity; reference dependence; endogenous audit probability; endogenous reference level
    Scope: Online-Ressource (20 S.)
  2. Prospect theory and tax evasion
    a reconsideration of the Yitzhaki Puzzle
    Author: Piolatto, Amedeo; Rablen, Matthew
    Published: 2013
    Publisher:  Inst. for Fiscal Studies, London

    The standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki Puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four distinct... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 141 (2013,25)
    Inter-library loan:
    No inter-library loan

     

    The standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki Puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four distinct elements of prospect theory and find loss aversion and probability weighting to be redundant in endogenous specification of the reference level. These classes include, as special cases, the most common specifications in the literature. New specifications of the reference level are needed, we conclude.

     
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/91529
    Series: IFS working papers ; W13/25
    Subjects: prospect theory; tax evasion; Yitzhaki puzzle; stigma; diminishing sensitivity; reference dependence; endogenous audit probability; endogenous reference level
    Scope: Online-Ressource (20 S.)
  3. Prospect theory and tax evasion
    a reconsideration of the Yitzhaki puzzle
    Author: Piolatto, Amedeo; Rablen, Matthew D.
    Published: 2013
    Publisher:  Brunel Univ. West London, Brunel Business School, Uxbridge

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Keine Speicherung
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economics and finance working paper series / Brunel University West London, Brunel Business School ; 13-22
    Subjects: prospect theory; tax evasion; Yitzhaki puzzle; stigma; diminishing sensitivity; reference dependence; endogenous audit probability; endogenous reference level
    Scope: Online-Ressource (20 S.)