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We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that...
Persistent link: https://www.econbiz.de/10011584914
The literature on trade liberalization and environment has not considered federal structures. This paper shows how the … design of environmental policy in a federal system has implications for the effects of trade reform. Trade liberalization … with trade liberalization if federal taxes are used. …
Persistent link: https://www.econbiz.de/10010352399