THE OPTION VALUE OF TAX DELINQUENCY - THEORY

被引：13

作者：

OFLAHERTY, B

机构：

[1] Department of Economics, Columbia University, New York

来源：

JOURNAL OF URBAN ECONOMICS | 1990年 / 28卷 / 03期

关键词：

D O I：

10.1016/0094-1190(90)90030-Q

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

How taxes are enforced matters. Current enforcement of real property taxes does not consider the option value of delinquency: the ultimate penalty is confiscation of property sometime in the future, but the value of the property to be confiscated is not known with certainty. If redemption fees are sufficiently small, it can be optimal to wait and see what the size of the penalty will be before paying taxes. We show how this can lead to excessive abandonment, and examine proposals for reform. © 1990.

引用

页码：287 / 317

页数：31

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