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Distribution-Neutral Welfare Ranking-Extending Pareto Principle

Marjit, Sugata - 2017

The well known Pareto criterion used in the context of efficiency and welfare has to do with absolute changes whereas in every domain of economic behaviour inequality or relative changes has become a major concern. We propose an inequality-preserving or distribution neutral Pareto criterion-the...

Persistent link: https://www.econbiz.de/10012958456

Does Indirect Tax Harmonization Deliver Pareto Improvements in the Presence of Global Public Goods?

Karakosta, Ourania - 2009

This paper identifies conditions under which, starting from any tax distorting equilibrium, destination- and origin-based indirect tax-harmonizing reforms are potentially Pareto improving in the presence of global public goods. The first condition (unrequited transfers between governments)...

Persistent link: https://www.econbiz.de/10013158653

Potentially Harmful International Cooperation on Global Public Good Provision

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - 2021

Recent international climate negotiations suggest that complete agreements are unlikely to materialize. Instead, partial cooperation between like-minded countries appears a more likely outcome. In this paper we analyze the effects of such partial cooperation between like-minded countries. In...

Persistent link: https://www.econbiz.de/10013315882

Optimal Taxation with Rent-Seeking

Rothschild, Casey G. - 2014

-seeking. If rent-seeking externalities primarily affect other rent-seeking activity, then the optimal externality correction lies … strictly below the Pigouvian correction. If the externalities fall mainly on the returns to traditional work, the optimal …

Persistent link: https://www.econbiz.de/10013043234

Forging a Global Environmental Agreement Through Trade Sanctions on Free Riders?

Eichner, Thomas - 2015

This paper studies the formation of self-enforcing global environmental agreements in a world economy with international trade and two groups of countries that differ with respect to fuel demand and environmental damage. It investigates whether the signatories' threat to embargo (potential) free...

Persistent link: https://www.econbiz.de/10013020519

Social Preferences, Beliefs, and the Dynamics of Free Riding in Public Good Experiments

Fischbacher, Urs; Gächter, Simon - 2021

We provide a test of the role of social preferences and beliefs in voluntary cooperation and its decline. We elicit individuals' cooperation preferences in one experiment and use them - as well as subjects' elicited beliefs - to explain contributions to a public good played repeatedly. We find...

Persistent link: https://www.econbiz.de/10013316430

Free-Riding or Internalizing? An Opportunistic View on Decentralization versus Centralization

Fiorillo, Fabio - 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/10013130419

Pareto Improvement through Unilateral Matching of Public Good Contributions : The Role of Commitment

Buchholz, Wolfgang - 2014

When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the recipient. We apply Cornes and Hartley's aggregative...

Persistent link: https://www.econbiz.de/10013051271

Efficiency, Welfare, and Political Competition

Bierbrauer, Felix; Boyer, Pierre C. - 2021

We study political competition in an environment in which voters have private information about their preferences. Our framework covers models of income taxation, public-goods provision or publicly provided private goods. Politicians are vote-share-maximizers. They can propose any policy that is...

Persistent link: https://www.econbiz.de/10013315596

Feldstein Meets George : Land Rent Taxation and Socially Optimal Allocation in Economies with Environmental Externality

Dao, Thang Nguyen - 2018

We consider an overlapping generations (OLG) economy with land as a fixed factor of production and an environmental externality on production in which tax revenue from land rent and/or from other schemes such as labor income, capital income, and production taxation can be used for environmental...

Persistent link: https://www.econbiz.de/10012920116