Corporate Taxation and the Efficiency Gains of the 1986 Tax Reform Act
研究了1986年美国税改法案虽然对资本收入总体税率影响不大，但显著降低了多个行业内公司与非公司资本的有效税率差异，并利用互惠生产模型分析了由此带来的效率收益。
The 1986 Tax Reform Act, while having little effect on the overall effective tax rate on U.S. capital income, did reduce significantly the difference in effective taxation of corporate and noncorporate capital within a number of U.S. industries. The Mutual Production Model developed in Gravelle and Kotlikoff (1989) can be used to study the efficiency gains from the reduction in corporate tax wedges within industries. Unlike the Harberger Model, the Mutual Production Model permits both corporate and noncorporate firms to produce the same goods and, therefore, to coexist within a given industry.