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Author: Alfred V. Guender
Publisher:
ISBN:
Category : Revenue
Languages : en
Pages : 36
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Book Description
Author: Alfred V. Guender
Publisher:
ISBN:
Category : Revenue
Languages : en
Pages : 36
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Book Description
Author: I. Yeoman
Publisher: Springer
ISBN: 0230294774
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
Pricing is about deciding your market position whereas revenue management is the strategic and tactical decisions firms take in order to optimize revenues and profits. This book offers insights into research, theories, applications and innovations and how to makes these work in different industries.
Author: Robert Lewis Phillips
Publisher: Stanford University Press
ISBN: 0804746982
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
Written for MBA students and practitioners, this book is a comprehensive introduction to the theory and application of pricing and revenue optimization.
Author: Kai Teck Ng
Publisher:
ISBN:
Category : Income accounting
Languages : en
Pages :
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Author: David M. Arseneau
Publisher:
ISBN:
Category :
Languages : en
Pages : 62
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Book Description
We re-examine the optimality of tax smoothing from the point of view of frictional labor markets. Our central result is that whether or not this cornerstone optimal fiscal policy prescription carries over to an environment with labor market frictions depends crucially on the cyclical nature of labor force participation. If the participation rate is exogenous at business-cycle frequencies - as is typically assumed in the literature - we show it is not optimal to smooth tax rates on labor income in the face of business-cycle shocks. However, if households do optimize at the participation margin, then tax-smoothing is optimal despite the presence of matching frictions. To understand these results, we develop a concept of general-equilibrium efficiency in search-based environments, which builds on existing (partial-equilibrium) search-efficiency conditions. Using this concept, we develop a notion of search-based labor-market wedges that allows us to trace the source of the sharply-contrasting fiscal policy prescriptions to the value of adjusting participation rates. Our results demonstrate that policy prescriptions can be very sensitive to the cyclical nature of labor-force participation in search-based environments.
Author: Narat Charupat
Publisher: Cambridge University Press
ISBN: 0521764564
Category : Business & Economics
Languages : en
Pages : 383
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Book Description
This is a final-year college level textbook on personal finance, jointly written by business school and mathematics professors. It is aimed at a wide audience of people who are interested in wealth management from a more rigorous perspective. It may be used in both personal applications and professional classrooms.
Author: Mr.Julio Escolano
Publisher: International Monetary Fund
ISBN: 1475530145
Category : Business & Economics
Languages : en
Pages : 21
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Book Description
In the paper we show that, most of the time, smooth reduction in the debt ratio is optimal for tax-smoothing purposes when fiscal risks are asymmetric, with large debt-augmenting shocks more likely than commensurate debt reducing shocks. Asymmetric risks are a feature of 200 years of data for the U.S. and the U.K.: rare but recurrent large surges of the debt-to-GDP ratio, followed by very gradual but persistent declines over long periods. More informal evidence from many other countries suggests that asymmetry is a general feature of fiscal shocks. The gradual smooth reduction in the public debt to GDP ratio is not a response to past developments. Instead it is optimal given recurrent fiscal risks and the empirical characteristics of fiscal shocks. The behavior of the debt-to-GDP ratio in the U.K. and the U.S. seems roughly compatible with the prescriptions of the tax-smoothing model.
Author: Salem M. Abo-Zaid
Publisher:
ISBN:
Category :
Languages : en
Pages : 42
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Book Description
This paper studies optimal labor-income taxation in a simple model with credit constraints on firms. The labor-income tax rate and the shadow value on the credit constraint induce a wedge between the marginal product of labor and the marginal rate of substitution between labor and consumption. It is found that optimal policy prescribes a volatile path for the labor-income tax rate even in the presence of state-contingent debt and capital. In this respect, credit frictions are akin to a form of market incompleteness. Credit frictions break the equivalence between tax smoothing and wedge smoothing; therefore, as the tightness of the credit constraint varies over the business cycle, tax volatility is needed in order to counter this variation and, as result, allow for wedge smoothing.
Author: Jeffrey L. Johnson
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 224
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Book Description
Author: David D. VanHoose
Publisher:
ISBN:
Category : Bank reserves
Languages : en
Pages : 34
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Book Description
