Jesse W Edgerton

A "brook By The Way": A Volume Of Poems

This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally im...

A "brook by the way"; a volume of poems

This book was originally published prior to 1923, and represents a reproduction of an important historical work, maintaining the same format as the original work. While some publishers have opted to apply OCR (optical character recognition) technology to the process, we believe this leads to sub-opt...

International Finance Discussion Papers: Effects of the 2003 Dividend Tax Cut: Evidence from Real Estate Investment Trusts

Recent literature has estimated that the 2003 dividend tax cut caused a large increase in aggregate dividend payouts, which would imply that dividend taxation creates large efficiency costs relative to the amount of revenue raised. I document that dividend payouts by real estate investment trusts al...

Finance and Economics Discussion Series: Estimating Machinery Supply Elasticities Using Output Price Booms

Recent years have seen large increases in the prices of houses, farm products, and oil, often with little clear connection to economic fundamentals. These price increases created plausibly exogenous shifts in demand for construction, farm, and mining machinery. This paper uses these demand shifts to...

Finance and Economics Discussion Series: Agency Problems in Public Firms: Evidence from Corporate Jets in Leveraged Buyouts

This paper uses rich, new data to examine the fleets of corporate jets operated by both publicly traded and privately held firms. In the cross-section, firms owned by private equity funds average jet fleets at least 40 percent smaller than observably similar publicly-traded firms. Similar fleet redu...

Finance and Economics Discussion Series: Investment, Accounting, and the Salience of the Corporate Income Tax

This paper develops and tests the hypothesis that accounting rules mitigate the impact of tax policy on investment decisions by obscuring the timing of tax payments. I model a firm that maximizes a discounted weighted average of after-tax cash flows and accounting profits. The cost of capital and th...

A Brief Synopsis of the Principles and Testimonies of the Religious Society of Freinds with Minutes of Adoption from The Yearly Meetings of New England, Canada, Ohio, Western, Iowsa, Kansas and North Carolina.