000			01661nab a2200277 c 4500
999			_c145849 _d145849
003			ES-MaIEF
005			20220511140549.0
007			ta
008			220510t2022 gw ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100			_969756 _aFahr, René
245		0	_aCan tax rate changes accelerate investment under entry and exit flexibility? _binsights from an economic experiment _c René Fahr, Elmar A. Janssen and Caren Sureth-Sloane
500			_aResumen.
504			_aBibliografía.
520			_aThis study investigates the conditions under which tax rate changes accelerate risky investments. While tax rate increases are often expected to harm investment, analytical studies find tax rate increases may foster investment under flexibility. We design a theory-based experiment with a binomial random walk and entry-exit flexibility. We find accelerated investment upon tax rate increases irrespective of an exit option, but no corresponding response to tax cuts. This asymmetry may be due to tax salience and mechanisms from irreversible choice under uncertainty. Given this evidence of unexpected tax-reform effects, tax policymakers should carefully consider behavioral aspects.
650			_aIMPUESTOS _947460
650		4	_aTIPOS DE GRAVAMEN _948570
650		4	_aINCREMENTO _954834
650		4	_aINCIDENCIA Y TRASLACION _946552
650		4	_aINVERSIONES _947531
650		4	_aMODELOS ECONOMETRICOS _947776
700	1		_969757 _aJanssen, Elma A.
700	1		_969758 _aSureth-Sloane, Caren
773	0		_9167145 _oOP 207/2022/1/2 _tFinanzArchiv _w(IEF)21244 _x 0015-2218 _g v. 78, n. 1-2, March/June 2022, p. 239-289
942			_cART