Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/115510
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dc.contributor.authorPiolatto, Amedeo-
dc.contributor.authorRablen, Matthew D.-
dc.date.accessioned2017-09-18T07:28:00Z-
dc.date.available2017-09-18T07:28:00Z-
dc.date.issued2014-
dc.identifier.urihttps://hdl.handle.net/2445/115510-
dc.description.abstractThe standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four distinct elements of prospect theory and find loss aversion and probability weighting to be redundant in respect of the puzzle. Prospect theory fails to reverse the puzzle for various classes of endogenous specification of the reference level. These classes include, as special cases, the most common specifications in the literature. New specifications of the reference level are needed, we conclude.ca
dc.format.extent28 p.-
dc.format.mimetypeapplication/pdf-
dc.language.isoengca
dc.publisherInstitut d’Economia de Barcelonaca
dc.relation.isformatofReproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions-
dc.relation.ispartofIEB Working Paper 2014/03-
dc.relation.ispartofseries[WP E-IEB14/03]-
dc.rightscc-by-nc-nd, (c) Piolatto et al., 2014-
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/-
dc.sourceIEB (Institut d’Economia de Barcelona) – Working Papers-
dc.subject.classificationFrau fiscalcat
dc.subject.classificationIngressos fiscalscat
dc.subject.classificationPoder adquisitiu-
dc.subject.classificationAuditoria fiscalcat
dc.subject.otherTax evasioneng
dc.subject.otherInternal revenueeng
dc.subject.otherPurchasing power-
dc.subject.otherTax auditingeng
dc.titleProspect theory and tax evasion: A reconsideration of the Yitzhaki puzzle [WP]ca
dc.typeinfo:eu-repo/semantics/workingPaperca
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessca
Appears in Collections:IEB (Institut d’Economia de Barcelona) – Working Papers

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