Now showing items 1-10 of 17
Fiscal Federalism and the Deductibility of State and Local Taxes in a Federal Income Tax
(Virginia Law Review Association, 1996)
Whether state and local taxes are deductible is believed to have important effects on revenue, tax equity, and the operation of state and local governments. This Article's analysis of deductibility draws on previous work ...
Incentives and Government Relief for Risk
(Springer Verlag, 1991)
Government relief is offered for a wide range of risks - - natural disaster, economic dislocation, sickness and injury. This paper explores the effect of such relief on incentives and the allocation of risk in a model with ...
Accuracy in the Assessment of Damages
(University of Chicago Press, 1996)
Assessment of damages is a principal issue in litigation and, in light of this, we consider the social justification for, and the private benefits of, accurate measurement of harm. Greater accuracy induces injurers to ...
Accuracy in the Determination of Liability
(University of Chicago Press, 1994)
No abstract provided.
Government Relief for Risk Associated with Government Action
A significant source of risk arises from uncertainty concerning future government policy. Government action - tax reform, deregulation, judicial decisions, budgetary shifts - produces gains and losses for those who invested ...
Property Rules Versus Liability Rules: An Economic Analysis
(Harvard Law School, 1996)
Should property rights be protected absolutely -- by property rules -- or instead by the requirement that infringing parties pay for harm done--that is, by liability rules? In this article, we present a systematic economic ...
Rules versus Standards: An Economic Analysis
(Duke University School of Law, 1992)
This Article offers an economic analysis of the extent to which legal commands should be promulgated as rules or standards. Two dimensions of the problem are emphasized. First, the choice between rules and standards affects ...
The Income Tax as Insurance: The Casualty Loss and Medical Expense Deductions and the Exclusion of Medical Insurance Premiums
(California Law Review, 1991)
Whether personal income tax deductions are appropriate refinements to the concept of income or are unwarranted tax expenditures continues to be the subject of debate. The casualty loss and medical expense deductions are ...
Income Tax Deductions for Losses as Insurance
(American Economic Association, 1992)
The federal income tax allows deductions for some categories of personal losses, notably for casualty losses (such as destruction of one's home or car) and medical expenses above a threshold. The latter, even with lower ...
Human Capital under an Ideal Income Tax
(Virginia Law Review, 1994)
No abstract provided.