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Distortionary Taxes and the Provision of Public Goods

Ballard, Charles L. - 1990

When comparing marginal costs and benefits of a public project, most economists think in terms of adding together the marginal costs of production plus marginal costs of additional distortionary taxation. This paper clarifies how the "revenue effect" offsets the "distortionary effect." For...

Persistent link: https://www.econbiz.de/10012475520

Political Economy of Ramsey Taxation

Acemoglu, Daron - 2009

We study the dynamic taxation of capital and labor in the Ramsey model under the assumption that taxes and public good provision are decided by a self-interested politician who cannot commit to policies. We show that, as long as the discount factor of the politician is equal to or greater than...

Persistent link: https://www.econbiz.de/10012463348

The Policy Elasticity

Hendren, Nathaniel - 2013

This paper illustrates how one can use causal effects of a policy change to measure its welfare impact without decomposing them into income and substitution effects. Often, a single causal effect suffices: the impact on government revenue. Because these responses vary with the policy in...

Persistent link: https://www.econbiz.de/10012459485

A Political Economy Theory of Partial Decentralization

Hatfield, John William - 2008

We revisit the classic problem of tax competition in the context of federal nations, and derive a positive theory of …

Persistent link: https://www.econbiz.de/10011986893

Corporate Social Responsibility and Voting over Public Goods

Samwick, Andrew; Wang, Sophie - National Bureau of Economic Research - 2023

This paper analyzes the impact of corporate social responsibility (CSR) on the total provision of public goods in a framework in which consumers who may make such voluntary contributions to public goods via CSR are also voters who decide on the level of taxes to finance publicly provided public...

Persistent link: https://www.econbiz.de/10014337865

Intergenerational Fiscal Constitutions : How to Protect Future Generations Using Land Taxes and Federalism

Conley, John P. - 2001

This paper studies how to design a fiscal constitution that, by capitalizing intergenerational spillovers into land values, is able to protect future generations from expropriation and to generate optimal investment in intergenerational public goods. In particular, we study how to accomplish...

Persistent link: https://www.econbiz.de/10012470326

Market Mechanisms for Policy Decisions : Tools for the European Union

Casella, Alessandra - 2000

The thesis of this paper is that more transparent, rule-bound and subtle mechanisms for policy coordination will be needed to ensure the success of an enlarged European Union. A common policy is a public good with distributional implications. Economists have developed a large number of plausible...

Persistent link: https://www.econbiz.de/10012470703

Collective Choice and Voluntary Provision of Public Goods

Epple, Dennis - 2000

Some public goods are provided entirely with private contributions, others with a mixture of public and private funding, and still others are entirely publicly funded. To explain this variation, a model of dual provision is developed that endogenizes public and private funding. Members of the...

Persistent link: https://www.econbiz.de/10012470948

Market Provision of Public Goods : The Case of Broadcasting

Anderson, Simon P. - 2000

This paper studies the market provision of a specific type of public good: radio and television broadcasts. Its main focus is to explore the ability of the market to provide broadcasting efficiently in a world in which broadcasters earn revenues by selling time to advertisers and advertisements...

Persistent link: https://www.econbiz.de/10012471263

Educational Production

Lazear, Edward P. - 1999

their classmates do worse. The theory presented below reconciles all of these facts by recognizing that classroom teaching … ranges away from equilibrium levels will adversely affect educational output. The theory argues for a particular non … by lowering class size. The theory provides a measurable and operational way to define school quality that can be tested …

Persistent link: https://www.econbiz.de/10012471435

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