in American Law and Economics Review
April 2012; p ublished online December 2011 .
Journal Article. Subjects: Law and Economics; Household Behaviour and Family Economics; Intertemporal Choice and Growth; Tax Law; Contract Law. 13623 words.
We study the effect of legal constraints in an environment in which agents face demand shocks they would like to smooth but also have weakness of will: agents' long and short run...
in The Review of Financial Studies
September 2015; p ublished online April 2015 .
Journal Article. Subjects: Intertemporal Choice and Growth; Tax Law; Economics; Taxation, Subsidies, and Revenue. 13680 words.
We develop an optimal tax-timing model that takes into account asymmetric long-term and short-term tax rates for positive capital gains and limited tax deductibility of capital losses. In...