Computational Economics with Applications to Taxation, Industrial Organization, and Finance

[309613]贾德经济政策制定的首要目标是提高所有人的经济福利。为此，需要对经济增长过程进行良好的分析。考虑到这一点，研究者建议继续研究经济学中的计算方法，重点关注税收、不完全竞争和金融问题，以及它们在促进经济增长中的重要性。将应用分析金融问题的新方法，并研究内幕交易的影响和适当的政府政策。特别是，研究将集中在内幕交易如何影响资本积累和经济增长，以及如何大力执行内幕交易法。新方法也将用于分析新证券对金融市场的影响。然后，这些方法将用于研究应该引入哪些证券，并将结果与交易所有动机引入的证券和合同进行比较。对不完全竞争的研究将侧重于评估隐性串通的可能重要性，以及评估用于检测串通的各种测试。政府将评估不同的政府政策，如合并和反垄断规定，以确定哪些规定对消费者最有利，哪些规定对经济增长最有利。该研究的最优税收部分将把早期关于创新的工作与要素税收的工作结合起来，开始一个关于公共产品、专利、创新和内生经济增长的最优税收的动态理论。将根据利润、革新、创造工作岗位、工资的相互作用，研究劳动和资本之间的税负分担问题。＊＊＊

9309613 Judd The primary goal of economic policy-making is to improve the economic well-being of all. To facilitate this, good analyses of the economic growth process are needed. With this in mind, the investigator proposes to continue his work on computational methods in economics with a focus on problems of taxation, imperfect competition, and finance, and their importance in fostering economic growth. New methods for analyzing problems in finance will be applied, and the effects of insider trading and appropriate government policies will be studied. In particular, the research will focus on how insider trading affects capital accumulation and economic growth, and on how vigorously insider trading laws should be enforced. New methods will also be used to analyze the effects of new securities on financial markets. These methods will then be used to study which securities should be introduced, and the results will be compared to the securities and contracts which exchanges have incentives to introduce. The study of imperfect competition will focus on assessing the likely importance of tacit collusion and on evaluating various tests which have been used to detect collusion. Different government policies such as merger and antitrust rules will be evaluated to determine which rules are best for consumers, and which are best for economic growth. The optimal taxation part of the research will combine earlier work on innovation with work on factor taxation to begin a dynamic theory of optimal taxation with public goods, patents, innovation, and endogenous economic growth. The appropriate sharing of the tax burden between labor and capital will be examined in light of interactions between profits, innovation, job creation, and wages. ***