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Bibliographic Data
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308538
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20150706094102.AM
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040
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$aSTII-DOST
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$aScienceDirect
100
1#
$aSanjit Dhami
100
1#
$aAli Al-Nowaihi
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$aOptimal taxation in the presence of tax evasion$bexpected utility versus prospect theory$cby Sanjit Dhami and Ali Al-Nowaihi
260
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$aAmsterdam$bElsevier B.V.$c2010
300
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$apages 313-337$bComputer file; text; 556kb
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$aIncludes bibliographic references and appendices
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3#
$aIt is now well known that the predictions of expected utility theory (EUT) applied to tax evasion are quantitatively and qualitatively at variance with the evidence while prospect theory (PT) makes the correct predictions. In this literature, the tax rate is exogenous. We endogenize the tax rate, and require that a successful theory should explain, jointly, the facts on the tax rate, tax gap and the level of government expenditure. We find that the data is best described by taxpayers using PT and the government using standard utility theory, EUT. The results are robust to several possible alternative specifications.We discuss how our results have a bearing on the debate between liberalism versus paternalism in behavioral economics. We also propose an alternative explanation based on the notion of context dependent eferences.
650
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$aSocial sciences
650
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$aProspect theory
650
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$aExpected utility theory
650
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$aTax evasion
650
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$aOptimal taxation
650
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$aLiberalism
650
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$aPaternalism
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$aDOST$bSTII$hScienceDirect$jNONPRINTS$kF(B)$p13-14087$t1$x13-14087$yOnline/Download$12010-11-05
991
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$wNONPRINTS
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteScienceDirect
  
     
 
Digital Copy
Not Available
  
     
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