Optimal Provision of Public Goods with Rank Dependent Expected Utility.

In this paper the theory of rank-dependent expected utility (RDEU) is substituted for the theory of expected utility (EU) in a model of optimal provision of public goods. The substitution generalizes the Samuelson rule, previously modified to include deadweight loss and tax evasion loss.

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Year of publication:	2002-10-12
Authors:	Eide, Erling
Institutions:	Økonomisk institutt, Universitetet i Oslo
Subject:	Tax evasion \| optimal taxation \| rank dependent expected utility

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Extent:	application/pdf
Series:	Memorandum.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Memorandum Number 03/2003 22 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; H21 - Efficiency; Optimal Taxation ; H26 - Tax Evasion
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005424079