Optimal Income Taxation and Public-Goods Finance

The paper studies the role of income taxes and admission fees in financing excludable and nonexcludable public goods in a large economy. A renegotiation proofness condition makes the multidimensional Bayesian mechanism design problem tractable. Resulting formulae for optimal income taxes and admission fees are compared to the corresponding Mirrlees-Seade income tax and Ramsey-Boiteux public-sector pricing conditions.

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Year of publication:	2004
Authors:	Hellwig, Martin F.
Institutions:	Society for Economic Dynamics - SED
Subject:	Public Goods

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Series:	2004 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Society for Economic Dynamics 2004 Number 659
Classification:	H21 - Efficiency; Optimal Taxation ; H41 - Public Goods ; H42 - Publicly Provided Private Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004970346