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Control Number308538
Date and Time of Latest Transaction20150706094102.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberScienceDirect
Main Entry - Personal NameSanjit Dhami
 Ali Al-Nowaihi
Title StatementOptimal taxation in the presence of tax evasion expected utility versus prospect theory by Sanjit Dhami and Ali Al-Nowaihi
Physical Descriptionpages 313-337 Computer file; text; 556kb
Summary, Etc.It is now well known that the predictions of expected utility theory (EUT) applied to tax evasion are quantitatively and qualitatively at variance with the evidence while prospect theory (PT) makes the correct predictions. In this literature, the tax rate is exogenous. We endogenize the tax rate, and require that a successful theory should explain, jointly, the facts on the tax rate, tax gap and the level of government expenditure. We find that the data is best described by taxpayers using PT and the government using standard utility theory, EUT. The results are robust to several possible alternative specifications.We discuss how our results have a bearing on the debate between liberalism versus paternalism in behavioral economics. We also propose an alternative explanation based on the notion of context dependent eferences
Subject Added Entry - Topical TermSocial sciences
 Prospect theory
 Expected utility theory
 Tax evasion
 Optimal taxation
 Liberalism
 Paternalism
LocationDOST STII ScienceDirect NONPRINTS F(B) 13-14087 1 13-14087 Online/Download 2010-11-05
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteScienceDirect
  
     
 
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