Produced Inputs and Tax Incidence Theory
In the widely used 2 x 2 general-equilibrium analysis of tax incidence the treatment of "capital" is often obscure: when it is clarified, many familiar results from that an analysis are found to be invalid. With land, labor, produced inputs, and a zero rate of interest, factor-tax results hold good but excise-tax results do not; with a positive rate of interest, no useful incidence results are available. In a model with a given labor supply and a given total value of capital, the standard incidence theorems are again invalid.
Year of publication: |
1986
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Authors: | Steedman, Ian |
Published in: |
Public Finance = Finances publiques. - Vol. 41.1986, 3, p. 331-49
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Saved in:
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