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Revisiting the 'Decentralization Theorem' - On the Role of Externalities
Koethenbuerger, Marko - 2021
The Decentralization Theorem (Oates, 1972) is central to the discussion of fiscal federalism. We revisit the role of consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of spillovers may reduce the difference in utility of...
Persistent link: https://www.econbiz.de/10013316807
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Pareto-Improving Structural Reforms
Saint-Paul, Gilles - 2019
Economists recommend to partly redistribute gains to losers from a structural reform, which in many cases may be required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory transfers can support a Pareto-improving reform. This...
Persistent link: https://www.econbiz.de/10012892197
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Pareto-Efficient Tax Deductions
Koehne, Sebastian - 2019
expenditures. An immediate implication is a recipe for designing Pareto-improving tax reforms. We apply our theory to housekeeping …
Persistent link: https://www.econbiz.de/10012866074
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Pareto-Improving Reforms of Tax Deductions
Koehne, Sebastian - 2019
. We apply our theory and simulate a Pareto-improving reform that introduces deductions for non-care household services …
Persistent link: https://www.econbiz.de/10012861395
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Pareto-Improving Reforms of Tax Deductions
Koehne, Sebastian - 2020
. We apply our theory and simulate a Pareto-improving reform that introduces deductions for non-care household services …
Persistent link: https://www.econbiz.de/10012828804
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Pareto-Improving Minimum Corporate Taxation
Hebous, Shafik; Keen, Michael - 2022
The recent international agreement on a minimum effective corporate tax rate marks a profound change in global tax arrangements. The appropriate level of that minimum, however, has been, and remains, extremely contentious. This paper explores the strategic responses to a minimum tax,...
Persistent link: https://www.econbiz.de/10013296266
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Evaluating Climate Policies by the Pareto Principle : Efficiency When Future Identities are Unobservable
Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10013300870
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The Dynamics of Pareto Distributed Wealth in a Small Open Economy
Birkner, Matthias; Scheuer, Niklas; Wälde, Klaus - 2021
We study a small open economy displaying Pareto-distributed wealth resulting from random death. The government runs a distribution scheme on inheritance. We present the mathematical background that allows to study the dynamics of means. We end up with ordinary differential equations for the mean...
Persistent link: https://www.econbiz.de/10013228863
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Free-riding or internalizing? An opportunistic view on decentralization versus centralization
Fiorillo, Fabio; Sacchi, Agnese - 2011
comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … rent-seeking behaviour. Moreover, modelling interregional externalities as a mechanism contributing to lowering the … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …
Persistent link: https://www.econbiz.de/10010274883
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Matching as a cure for underprovision of voluntary public good supply: Analysis and an example
Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - 2011
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good economy and to cure the underprovision problem associated with private provision of public goods. The desired Pareto optimal interior matching equilibrium, however, emerges only...
Persistent link: https://www.econbiz.de/10010274970