Baker Library Core Collection 2/15/07

Total Page:16

File Type:pdf, Size:1020Kb

Baker Library Core Collection 2/15/07 Baker Library Core Collection 2/15/07 1 Baker Library Core Collection - 2/15/07 TITLE AUTHOR DISPLAY CALL_NO Advanced modelling in finance using Excel and VBA / Mary Jackson and Mike Staunton. Jackson, Mary, 1936- HG173 .J24 2001 "You can't enlarge the pie" : six barriers to effective government / Max H. Bazerman, Jonathan Baron, Katherine Shonk. Bazerman, Max H. JK468.P64 B39 2001 100 billion allowance : accessing the global teen market / Elissa Moses. Moses, Elissa. HF5415.32 .M673 2000 20/20 foresight : crafting strategy in an uncertain world / Hugh Courtney. Courtney, Hugh, 1963- HD30.28 .C6965 2001 21 irrefutable laws of leadership : follow them and people will follow you / John C. Maxwell. Maxwell, John C., 1947- HD57.7 .M3937 1998 22 immutable laws of branding : how to build a product or service into a world-class brand / Al Ries and Laura Ries. Ries, Al. HD69.B7 R537 1998 25 investment classics : insights from the greatest investment books of all time / Leo Gough. Gough, Leo. HG4521 .G663 1998 29 leadership secrets from Jack Welch / by Robert Slater. Slater, Robert, 1943- HD57.7 .S568 2003 3-D negotiation : powerful tools to change the game in your most important deals / David A. Lax and James K. Sebenius. Lax, David A. HD58.6 .L388 2006 360 degree brand in Asia : creating more effective marketing communications / by Mark Blair, Richard Armstrong, Mike Murphy. Blair, Mark. HF5415.123 .B555 2003 45 effective ways for hiring smart! : how to predict winners and losers in the incredibly expensive people-reading game / by Pierre Mornell ; designed by Kit Hinrichs ; illustrations by Regan Dunnick. Mornell, Pierre. HF5549.5.S38 M673 2003 86 percent solution : how to succeed in the biggest market opportunity of the next 50 years / Vijay Mahajan and Kamini Banga, with Robert Gunther. Mahajan, Vijay. HF1416 .M23 2005 8th habit : from effectiveness to greatness / Stephen R. Covey. Covey, Stephen R. BF637.S4 C685 2004 ABC of action learning / Reg Revans. Revans, Reginald W., 1907- HD30.4 .R484 1998 AMA handbook of e-learning : effective design, implementation, and technology solutions / edited by George M. Piskurich. HF5549.5.T7 A496 2003 ASTD training and development handbook : a guide to human resource development / Robert L. Craig, editor in chief. HF5549.5.T7 T6648 1996 Absolute returns : the risk and opportunities of hedge fund investing / Alexander M. Ineichen. Ineichen, Alexander M. HG4530 .I446 2003 Accounting : text and cases / Robert N. Anthony, David F. Hawkins, Kenneth A. Merchant. Anthony, Robert N. (Robert Newto HF5635 .A69 2004 2 Accounting : text and cases / Robert N. Anthony, David F. Hawkins, Kenneth A. Merchant. Anthony, Robert N. (Robert Newto HF5635 .A69 2007 Accounting ethics / Ronald F. Duska and Brenda Shay Duska. Duska, Ronald F., 1937- HF5625.15 .D87 2003 Adam Smith's marketplace of life / James R. Otteson. Otteson, James R. HB501 .O824 2002 Administrative behavior : a study of decision-making processes in administrative organizations / Herbert A. Simon. Simon, Herbert Alexander, 1916- HD31 .S55 1997 Advanced accounting / Floyd A. Beams ... [et al.]. HF5635 .B41517 2003 Advanced accounting / Floyd A. Beams ... [et al.]. HF5635 .B41517 2006 Advanced brand management : from vision to valuation / Paul Temporal. Temporal, Paul. HD69.B7 T448 2002 Advanced fixed income analytics / Wesley Phoa, with contributions from Michael Shearer. Phoa, Wesley. HG4650 .P485 1998 Advanced modelling in finance using Excel and VBA / Mary Jackson and Mike Staunton. Jackson, Mary, 1936- HG173 .J24 2001 Advanced private equity term sheets and Series A documents / Joseph W. Bartlett, Ross Barrett, Michael Butler. Bartlett, Joseph W., 1933- KF1439 .B374 2003 Advances in behavioral finance / Richard H. Thaler, editor. HG4515.15 .A38 1993 Adventure capitalist : the ultimate road trip / Jim Rogers. Rogers, Jim, 1942- HG4521 .R684 2003 Advertising : principles & practice / William Wells, John Burnett, Sandra Morarity. Wells, William, 1926- HF5823 .W455 2003 Affirmative action around the world : an empirical study / Thomas Sowell. Sowell, Thomas, 1930- HF5549.5.A34 S685 2004 After the new economy / Doug Henwood. Henwood, Doug. HC106.83 .H46 2003 Against the gods : the remarkable story of risk / Peter L. Bernstein. Bernstein, Peter L. HD61 .B466 1996 Age of access : the new culture of hypercapitalism, where all of life is a paid-for experience / Jeremy Rifkin. Rifkin, Jeremy. HF5548.32 .R54 2000 Age of manufactures, 1700-1820 : industry, innovation, and work in Britain / Maxine Berg. Berg, Maxine, 1950- HD9720.5 .B47 1994 Age of unreason / Charles Handy ; foreword by Warren Bennis. Handy, Charles B. HD58.8 .H362 1989 Ahead of the curve : a commonsense guide to forecasting business and market cycles / Joseph H. Ellis. Ellis, Joseph (Joseph H.) HB3730 .E55 2005 Air passenger routes in hub and spoke networks / Wei Song. Song, Wei, 1963- HE9803.A4 S66 2003 Airline survival kit : breaking out of the zero profit game / Nawal K. Taneja. Taneja, Nawal K. HE9776 .T358 2003 Alexander Hamilton / Ron Chernow. Chernow, Ron. E302.6.H2 C48 2004 Aligning the stars : how to succeed when professionals drive results / Jay W. Lorsch, Thomas J. Tierney. Lorsch, Jay William. HD62.65 .L67 2002 Alignment : using the balanced scorecard to create corporate synergies / Robert S. Kaplan, David P. Norton. Kaplan, Robert S. HD30.28 .K3543 2006 All about hedge funds : the easy way to get started / by Robert A. Jaeger. Jaeger, Robert A. HG4530 .J33 2003 3 All is clouded by desire : global banking, money laundering, and international organized crime / Alan A. Block and Constance A. Weaver. Block, Alan A. HV6768 .B56 2004 All the right moves : a guide to crafting breakthrough strategy / Constantinos C. Markides. Markides, Constantinos. HD30.28 .M3536 2000 Alliance advantage : the art of creating value through partnering / Yves L. Doz, Gary Hamel. Doz, Yves L. HD69.S8 D69 1998 Alliance competence : maximizing the value of your partnerships / Robert E. Spekman, Lynn A. Isabella, Thomas C. MacAvoy. Spekman, Robert E. HD69.S8 S67 2000 Alliance revolution : the new shape of business rivalry / Benjamin Gomes-Casseres. Gomes-Casseres, Benjamin. HD69.S8 G66 1996 America's game : the epic story of how pro football captured a nation / Michael MacCambridge. MacCambridge, Michael, 1963- GV954 .M32 2004 America's nonprofit sector : a primer / Lester M. Salamon. Salamon, Lester M. HV91 .S23 1999 American business, 1920-2000 : how it worked / Thomas K. McCraw. McCraw, Thomas K. HC106.82 .M39 2000 American government : institutions and policies / James Q. Wilson, John J. DiIulio, Jr. Wilson, James Q. JK274 .W67 1995 Americans, an economic record / Stanley Lebergott. Lebergott, Stanley. HC103 .L33 1984 Analysis and use of financial statements / Gerald I. White, Ashwinpaul C. Sondhi, Dov Fried. White, Gerald I. HF5681.B2 W4678 2003 Analysis for financial management / Robert C. Higgins Higgins, Robert C. HG4026 .H496 2007 Analysis for financial management / Robert C. Higgins. Higgins, Robert C. HG4026 .H496 2001 Analysis of financial statements / Leopold A. Bernstein, John J. Wild. Bernstein, Leopold A. HF5681.B2 B462 2000 Analysis of structured securities : precise risk measurement and capital allocation / Sylvain Raynes and Ann Rutledge. Raynes, Sylvain. HG4521 .R34 2003 Andy Grove : the life and times of an American / Richard S. Tedlow. Tedlow, Richard S. HD9696.S44 T588 2006 Angel financing : how to find and invest in private equity / Gerald A. Benjamin and Joel Margulis. Benjamin, Gerald A. HG4751 .B46 2000 Angel investing : matching start-up funds with start-up companies--the guide for entrepreneurs, individual investors, and venture capitalists / Mark Van Osnabrugge, Robert J. Robinson. Van Osnabrugge, Mark, 1972- HG4027.6 .V36 2000 Applied linear statistical models / John Neter ... [et al.]. QA278.2 .A66 1996 Applied longitudinal data analysis : modeling change and event occurrence / Judith B. Singer, John B. Willett. Singer, Judith D. H62 .S47755 2003 Applied mergers and acquisitions / Robert F. Bruner. Bruner, Robert F., 1949- HD2746.5 .B783 2004 Applied statistics and the SAS programming language / Ronald P. Cody, Jeffrey K. Smith. Cody, Ronald P. QA276.4 .C53 1997 Arc of ambition : defining the leadership journey / James Champy, Nitin Nohria. Champy, James, 1942- HD57.7 .C43 2000 Art and science of negotiation / Howard Raiffa. Raiffa, Howard, 1924- BF637.N4 R34 1982 4 Art of M&A : a merger acquisition buyout guide / Stanley Foster Reed, Alexandra Reed Lajoux. Reed, Stanley Foster. HD2746.5 .R44 1999 Art of case analysis : a guide to the diagnosis of business situations / Robert Ronstadt. Ronstadt, Robert, 1942- HD30.4 .R659 Art of case analysis : or, how to improve your college performance by developing better classroom discussion skills, better writing skills, better 'blue book' testing skills, better team skills, better numbers skills, and better presentation skills / Robe Ronstadt, Robert, 1942- HF1118 .R66 1993 Art of deception : controlling the human element of security / Kevin D. Mitnick & William L. Simon ; [foreword by Steve Wozniak]. Mitnick, Kevin D. (Kevin David), 19QA76.9.A25 M58 2002 Art of innovation : lessons in creativity from IDEO, America's leading design firm / Tom Kelley, with Jonathan Littman. Kelley, Tom, 1955- HD53 .K454 2001 Art of leadership / George Manning, Kent Curtis. Manning, George, 1957- BF637.L4 M36 2003 Art of the start : the time-tested, battle-hardened guide for anyone starting anything / Guy Kawasaki. Kawasaki, Guy, 1954- HD62.5 .K38
Recommended publications
  • Evolving Ideas About Business Strategy
    Pankaj Ghemawat Evolving Ideas about Business Strategy This paper updates an earlier article published in Business History Review that concluded that by the second half of the 1990s, there had been a profusion of new, purportedly practical ideas about strategy, many of which embodied some explicit dynamics. This update provides several indications of a drop- off since then in the rate of development of new ideas about strategy but also a continued focus, in the new ideas that are being developed, on dynamics. And since our stock of dynamic frameworks has, based on one enumeration, more than doubled in the last fifteen to twenty years, updating expands both the need and the empirical basis for some gener- alizations about the types of dynamic strategy frameworks— and strategy frameworks in general—that managers are likely to find helpful versus those that they are not. n 2002, I published an article in the Business History Review, “Com- Ipetition and Business Strategy in Historical Perspective,” that at- tempted to provide an overview of the evolution of practical—rather than academic—ideas about business strategy from the beginnings of the field through the second half of the 1990s. It concluded that, by then, (1) there had been a profusion of new ideas about strategy, which had probably started in the early to mid-1980s, and (2) many of the new ideas embodied some explicit dynamics, compared with the typical- ly timeless or static approaches to strategy that had previously domi- nated the field. The article was, however, qualified in its
    [Show full text]
  • 1 Globalization: a Cautionary Tale 1
    Notes 1 Globalization: A Cautionary Tale 1 . Trade data from the World Trade Organization, “Statistics: Trade and Tariff Data,” https://www.wto.org/english/res_e/statis_e/statis_e.htm (accessed May 11, 2015). Investment data from United Nations Conference on Trade and Development “FDI Flows and Stocks,” http://unctad.org/en/Pages/DIAE/FDI%20Statistics/FDI-Statistics. aspx (accessed May 11, 2015). 2 . The World Bank http://www.worldbank.org/en/topic/poverty (accessed May 11, 2015). 3 . See the case study, W. J. Henisz and B. A. Zelner, “AES-Telasi: Power Trip or Power Play?” (The Wharton School, 2006); or Paul Devlin’s film Power Trip (2003), for more in-depth coverage of AES and its failed entry to Georgia. 4. I explain some of the specific issues that IKEA faced in Russia, along with more gen- eral issues that similar companies face in emerging markets, in a blog post. See R. Salomon, “So You Want to Do Business In a Developing Country?” September 15, 2009, http://www.robertsalomon.com/so-you-want-to-do-business-in-a-developing-country / (accessed May 11, 2015). 5 . See “Tesco Plans Foray into US Market,” BBC News , February 9, 2006, http://news.bbc. co.uk/2/hi/business/4695890.stm (accessed June 24, 2015). 6 . In June 2007 I wrote a blog post forecasting that, given its strategy, Tesco would have trouble entering the US market. See R. Salomon, “Tesco’s American Foray,” June 27, 2007, http://www.robertsalomon.com/2007/06/ (accessed May 11, 2015). In March 2008, it was clear that many of those predictions had come true; Tesco failed to make a profit in the US market and exited a short time later.
    [Show full text]
  • Hyperbolic Discounting and Pension Design the Case of Germany
    Stefan Zimmermann Hyperbolic Discounting and Pension Design The Case of Germany MSc Thesis 2010 Hyperbolic Discounting and Pension Design: The Case of Germany Master Thesis to achieve the degree Master of Science (M.Sc.) in Economics at the Faculty of Economics and Management at Tilburg University submitted by Stefan Zimmermann ANR: 661647 Words: 9509 Supervisor: Johannes Binswanger, PhD Second Reader: Nathanaël Vellekoop, Drs Berlin, August 17th, 2010 Abstract Both data and people’s self-reports reveal that there is a undersaving problem. Be- havioral economics seeks to explain this phenomenon with the concept of hyperbolic discounting. In essence, short-term actions are inconsistent with long-term goals. This is applied to the German pension system in this text. The results lean on a theoretical life-cycle model that is simulated in Matlab, whereby the parameters are calibrated to match the German economy. It is shown that myopic preferences lead to deviations from outcomes that would be desirable from a normative point of view. The savings rate is considerably lower for hyperbolic discounters, compared to standard discounters. Moreover, a fully funded pension scheme seems preferable to the current Pay-As-You-Go system. Contents List of Tables4 List of Figures4 1 Introduction5 2 Survey6 2.1 Facts about the German Pension System................7 2.2 Behavioral Aspects............................7 3 The Life-Cycle Model - LCM 10 3.1 The Life-Cycle Model without a Pension Scheme............ 11 3.1.1 Behavior of Private Agents.................... 11 3.2 The Life-Cycle Model with a Pension Scheme............. 16 3.2.1 Pay-As-You-Go Pension - PAYG...............
    [Show full text]
  • Ethnic Hegemonies in American History
    ETHNIC HEGEMONIES IN AMERICAN HISTORY GEORGE HOCKING ______________________ POLITICAL PHILOSOPHY AND HUMAN GENETIC DIVERSITY Western Political philosophy tends toward moral and political uni- versalism: the idea that norms are valid for all human beings. This presupposes either that human beings are biologically pretty much the same, or that human biodiversity is irrelevant to moral and politi- cal issues. Nevertheless, Western political philosophers initially lim- ited their conclusions to ethnically homogeneous regions they knew and understood. Plato’s Republic, for example, portrays an ideal soci- ety for Greeks, not barbarians, and even well past the Enlightenment John Stuart Mill explicitly excluded many non-Europeans from his conclusions in On Liberty.1 Plato and Mill were prescient to do so. Few pre-modern people could travel widely. Consequently most people they knew were much like themselves. But during the Age of Discovery, which started at the end of the fifteenth century, European voyages throughout the world encountered the full richness of Earth’s botanical, zoological, and an- thropological diversity, and efforts to understand it contributed to the seventeenth century’s Scientific Revolution. By 1735, in the Enlightenment’s full flower, Sweden’s Carl Linnaeus developed the system still used to classify Earth’s biodiversity. He ob- served significant morphological differences between the human popu- lations of the different continents, which led him classify these groups as distinct species.2 Such human populations are now called races. The great controversy of our time rages between those who ac- knowledge or deny the existence of distinct races. The race deniers are motivated by the conflict between human biodiversity and philoso- phical or religious forms of universalism.
    [Show full text]
  • Carliss Baldwin CV 2-16 Public
    CARLISS Y. BALDWIN Harvard Business School 11 Mason Street Soldiers Field Brookline, MA 02146 Boston, MA 02163 (617) 495-6673 Born: September 11, 1950 [email protected] Married, 2 children EDUCATION: S.B., Massachusetts Institute of Technology (Economics), 1972 M.B.A. (Baker Scholar), Harvard University, 1974 D.B.A., Harvard University, 1977 Thesis: "Illiquid Assets and Liquidity Preference in an Uncertain Environment" FIELDS OF INTEREST: Modularity, Modularization, Open Architectures, Design Commons, Boundaries and Scope of the Firm, Intellectual Property, and Real Options PROFESSIONAL EXPERIENCE: William L. White Professor of Business Administration, Harvard Business School, 1988- present Course Head, Finance 2, 2009-2010 Senior Associate Dean, Harvard Business School Director of Faculty Planning 1997-1999 Director of Doctoral Programs, 1999-2000 Director of Research, Harvard Business School, 1989-1991 Special Field Coordinator, Ph.D. in Business Economics/Finance, Harvard University, 1986-1992 Professor, Harvard Business School, 1987-1988 Associate Professor, Harvard Business School, 1981-1987 Assistant Professor, Massachusetts Institute of Technology, 1977-1981 AWARDS, HONORS: Distinguished Scholar, Technology and Innovation Management Division, Academy of Management, 2015 Technical University Munich, Doctor honoris causa, 2014 Industrial and Corporate Change, Best Twenty Articles from First Twenty Years of Publication, 1992-2011 Advanced Institute of Management Research (UK) Visiting International Fellow, 2010 Technology Management
    [Show full text]
  • Applied Corporate Finance Real Companies, Real Data, Real Time Aswath Damodaran
    Applied Corporate Finance Real Companies, Real Data, Real Time Aswath Damodaran Thursday – Friday, 13 – 14 August 2015 9 am – 5.30 pm (Registration starts at 8 am) Early bird saves Grand Ballroom Hotel Indonesia Kempinski IDR 3,000,000! Jalan M.H. Thamrin No.1 (Enter via West Mall Grand Indonesia) (*) Participant Fee: IDR 23,000,000 (exclusive VAT) Get a Certificate signed by Aswath Damodaran Secure your seats now before they are sold out! Email your registration form before 3 August 2015 to [email protected] or fax it to +6221 29928200/29928300 (*)Early Bird offer expires on 29 June 2015 Content This 2-day applied corporate finance seminar will cover the following sessions: • discuss different interests that make up the modern corporation and their different objectives, potential conflict and problems, how to convert a risk measure into a hurdle rate, and examine the cost of debt and resulting cost of capital • cover investment analysis – consider what a project is and how to estimate project cash flows, and examine different decision rules for determining a good or acceptable investment • evaluate financing choices made by a firm – how much to borrow, types of financing, approaches to coming up with optimal debt ratio • examine how much firms pay in dividends and whether they should pay more or less • explore determinants of intrinsic value in a company and what managers can do to enhance value Objective The objective of this seminar is provide participants with tools and techniques that have been developed in theory to answer corporate finance questions, and how best to apply them in practice.
    [Show full text]
  • Beautiful Boy by David Sheff « « HMH Book Clubs HMH Boo
    Beautiful Boy by David Sheff « « HMH Book Clubs HMH Boo... http://hmhtrade.com/bookclubs/discussion-guides/beautiful-boy... HMH Book Clubs Find great new books for your reading group! Beautiful Boy by David Shef 2 February 2009, 2:54 pm About the Author David Shef’s books include Game Over, China Dawn, and All We Are Saying. His many articles and interviews have appeared in the New York Times, Rolling Stone, Playboy, Wired, Fortune, and elsewhere. His piece for the New York Times Magazine, “My Addicted Son,” won an award from the American Psychological Association for “Outstanding Contribution to Advancing the Understanding of Addiction.” Shef and his family live in Inverness, California. For Discussion 1. In the New York Times Book Review, Janet Maslin wrote, “Addiction is a compulsion to do the same thing over and over, despite knowing that the outcome will almost certainly Download Jacket be the same. Addiction memoirs often illustrate this same definition of insanity…Yet the genre itself remains so addictive that readers keep hoping to discover something new.” Why are addiction memoirs so addictive? Why were you drawn to this one? 2. David Shef writes that “drug stories are sinister” (p. 87). What does he mean by that? How are drug stories diferent than addiction memoirs, if at all? 3. In the introduction, Shef writes, “I have felt and thought and done almost everything an addict’s parent can feel and think and do” (p. 13). Which of his experiences, thoughts, and actions were most afecting to you? Which could you relate to and which were totally foreign? 4.
    [Show full text]
  • The Contagion of Capital
    The Jus Semper Global Alliance In Pursuit of the People and Planet Paradigm Sustainable Human Development March 2021 ESSAYS ON TRUE DEMOCRACY AND CAPITALISM The Contagion of Capital Financialised Capitalism, COVID-19, and the Great Divide John Bellamy Foster, R. Jamil Jonna and Brett Clark he U.S. economy and society at the start of T 2021 is more polarised than it has been at any point since the Civil War. The wealthy are awash in a flood of riches, marked by a booming stock market, while the underlying population exists in a state of relative, and in some cases even absolute, misery and decline. The result is two national economies as perceived, respectively, by the top and the bottom of society: one of prosperity, the other of precariousness. At the level of production, economic stagnation is diminishing the life expectations of the vast majority. At the same time, financialisation is accelerating the consolidation of wealth by a very few. Although the current crisis of production associated with the COVID-19 pandemic has sharpened these disparities, the overall problem is much longer and more deep-seated, a manifestation of the inner contradictions of monopoly-finance capital. Comprehending the basic parameters of today’s financialised capitalist system is the key to understanding the contemporary contagion of capital, a corrupting and corrosive cash nexus that is spreading to all corners of the U.S. economy, the globe, and every aspect of human existence. TJSGA/Essay/SD (E052) March 2021/Bellamy Foster, Jonna and Clark 1 Free Cash and the Financialisation of Capital “Capitalism,” as left economist Robert Heilbroner wrote in The Nature and Logic of Capitalism in 1985, is “a social formation in which the accumulation of capital becomes the organising basis for socioeconomic life.”1 Economic crises in capitalism, whether short term or long term, are primarily crises of accumulation, that is, of the savings-and- investment (or surplus-and-investment) dynamics.
    [Show full text]
  • WHY COMPETITION in the POLITICS INDUSTRY IS FAILING AMERICA a Strategy for Reinvigorating Our Democracy
    SEPTEMBER 2017 WHY COMPETITION IN THE POLITICS INDUSTRY IS FAILING AMERICA A strategy for reinvigorating our democracy Katherine M. Gehl and Michael E. Porter ABOUT THE AUTHORS Katherine M. Gehl, a business leader and former CEO with experience in government, began, in the last decade, to participate actively in politics—first in traditional partisan politics. As she deepened her understanding of how politics actually worked—and didn’t work—for the public interest, she realized that even the best candidates and elected officials were severely limited by a dysfunctional system, and that the political system was the single greatest challenge facing our country. She turned her focus to political system reform and innovation and has made this her mission. Michael E. Porter, an expert on competition and strategy in industries and nations, encountered politics in trying to advise governments and advocate sensible and proven reforms. As co-chair of the multiyear, non-partisan U.S. Competitiveness Project at Harvard Business School over the past five years, it became clear to him that the political system was actually the major constraint in America’s inability to restore economic prosperity and address many of the other problems our nation faces. Working with Katherine to understand the root causes of the failure of political competition, and what to do about it, has become an obsession. DISCLOSURE This work was funded by Harvard Business School, including the Institute for Strategy and Competitiveness and the Division of Research and Faculty Development. No external funding was received. Katherine and Michael are both involved in supporting the work they advocate in this report.
    [Show full text]
  • Tax Experimentation
    Florida Law Review Volume 71 Issue 1 Article 2 Tax Experimentation Michael Abramowicz Follow this and additional works at: https://scholarship.law.ufl.edu/flr Part of the Tax Law Commons Recommended Citation Michael Abramowicz, Tax Experimentation, 71 Fla. L. Rev. 65 (). Available at: https://scholarship.law.ufl.edu/flr/vol71/iss1/2 This Article is brought to you for free and open access by UF Law Scholarship Repository. It has been accepted for inclusion in Florida Law Review by an authorized editor of UF Law Scholarship Repository. For more information, please contact [email protected]. Abramowicz: Tax Experimentation TAX EXPERIMENTATION Michael Abramowicz* Abstract Random experiments could allow the government to test tax policies before they are enacted into general law. Such experiments can be revenue-neutral, with the tax authority ensuring ex post that average tax revenues received from taxpayers in the treatment and control groups are equal. Taxpayers might thus volunteer even for experiments that would broaden the tax base, for example by eliminating deductions. Continued participation by taxpayers in such experiments would indicate that the proposed reforms are efficient at least if externalities are disregarded. Non-revenue-neutral experiments raise greater concerns about horizontal inequity, but they may be helpful in addressing questions about effects of tax rates and in increasing participation. INTRODUCTION .......................................................................................66 I. REVENUE-NEUTRAL TAX EXPERIMENTS ..................................76 A. A Hypothetical Experiment ..............................................76 1. The Potential Benefit to Taxpayers...........................76 2. Adjustments to Ensure Revenue Neutrality ..............77 3. Evaluation of Experimental Success.........................80 4. Enhancement of Experimental Interpretability...........................................................81 a. Varying the Treatment .......................................83 b.
    [Show full text]
  • The Emergence of China in the Global Economy
    The Emergence of China in the Global Economy SPEAKER: Lester Thurow Jerome and Dorothy Lemelson Professor of Economics and Management The Emergence of ABOUT THE LECTURE: China in the Global Napoleon admonished the world to beware an awakened Economy China. 200 years later, Lester Thurow traces the astonishing Lester Thurow rise of this economic giant. In contrast to Russia, says Thurow, June 5, 2004 China solved the problem of moving from communism to 2:00 PM capitalism in less than two decades. Starting in 1978, Chinese leaders ended communes and gave hectares of land to Time 00:57:13 industrious peasants. Leaders also tested private enterprise in a succession of cities. By the mid 1990s, “the time had come to Audio Only: play the international game,” says Thurow. China sought QuickTime – 17MB technology and foreign investment. But “how do you sell a MP3 - 41MB country”? According to Thurow, China decided, “We’re the Audio and Video: cheapest place to make everything.” Foreign firms flooded in, QuickTime - 213MB selling equipment to China, or making products there and WindowsMedia - 176MB selling them back to the developed world. But now there are RealVideo - 94MB problems: China has no regulations for maintaining intellectual property rights, so Chinese companies pirate Western technology and products with impunity, and undersell the foreign firms that have invested in them. Also, Thurow believes tales of China’s phenomenal growth are often just that – fictions sold by bureaucrats to rate a promotion. “China is a great success but it’s not growing at 9 to 10% a year.” Finally, divisions between prosperous cities and stagnant rural areas threaten long-term stability in the People’s Republic.
    [Show full text]
  • Valuation Insights: Equity Risk Premium (ERP) for Indian Market
    Valuation Insights: Equity Risk Premium (ERP) for Indian Market October 2015 Authored by – Manish Saxena, assisted by Saatvik Sharma 11 1 Contents Context 3 Approach and Methodology 6 Sources and References 13 © Grant Thornton India LLP. All rights reserved. Member firm of Grant Thornton International Ltd Offices in Bengaluru, Chandigarh, Chennai, Gurgaon, Hyderabad, Kolkata, Mumbai, New Delhi and Pune Section 1 Context 1. Context 2. Approach and Methodology 3 1.1 Introduction The Capital Asset Pricing Model (CAPM) is the most widely used tool in estimating the expected rate of return on a particular asset keeping in mind a rational investor’s risk-return trade-off. The theory propounds that rational investors would expect a minimum return over and above the prevailing risk- free rate in the market adjusted for a systematic risk factor called beta. This excess return is called the Equity Risk Premium (ERP) and is mathematically computed as the excess return generated by the market over and above the risk free rate. Theoretically, market return is defined as the return on a portfolio of risky assets. In practice, when using the CAPM to compute the value of an equity share in a business, the market return would be the return on the most suitable stock market. 1.2 Significance of ERP The following is a brief snapshot of how ERP impacts various investment and policy decisions: • In corporate finance, to determine the costs of equity and capital for firms, optimise debt to equity ratios, and decide upon investment, buyback policies etc. • In corporate valuation, as one of the key inputs that determine the present value of future cash flows • ERP also impacts saving decisions and the amount that needs to be put aside for retirement or healthcare as well as allocation of wealth to different asset classes.
    [Show full text]