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- W2392675488 abstract "A classical problem on optimal choice of tax rate from the perspective of differential game approach is studied. Under some appropriate assumptions on the profit and utility functions, the open-loop Stackelberg equilibrium solution which is time- dependent is obtained. Result shows that 1) the optimal strategies derived from differential game and traditional unilateral optimal control approaches are different; 2) both marginal profit rate and the market rate of interest have great effect on the equilibrium solution; and 3) the government should think about the firm’s potential reaction when selecting tax rates and the timing of taxation." @default.
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- W2392675488 date "2004-01-01" @default.
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- W2392675488 title "A simplified differential game model for the optimal choice of tax rate" @default.
- W2392675488 hasPublicationYear "2004" @default.
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