Dynamic Analysis of Income Taxes on Farm Firms
用动态优化模型分析1981年税法改革对农场企业生产、投资和融资决策的影响，发现税收条款间的相互作用意外地减少了机械和土地的最优投资。
Abstract A dynamic optimization model is used to analyze the effects of tax law changes instituted by the Economic Recovery Tax Act of 1981 on farm firm decision making. The model incorporates the integrated nature of the firm's production, investment, and financing decisions. Because of interactions between tax provisions, the tax changes had the unexpected effect of reducing optimal investment in machinery and land.